European Markets Finished With Mixed Results After Paris Attacks

(RTTNews) - The European markets ended Monday's session with mixed results. The markets pulled back in early trade, following the terrorist attacks in Paris late Friday. However, the markets only fell by about 1 percent and quickly recovered. Travel and leisure stocks were under pressure, but gains in energy stocks helped to balance out the performance of the markets.

The terrorist attacks in Paris late last week complicates the problems faced by the euro area and subsequent events will determine how the event affects the 19-nation economy, European Central Bank Vice President Vitor Constancio said Monday.

Speaking at an event in Frankfurt, Constancio said the Paris attacks "could compound all the problems we were already facing".

"Markets, so far, are taking it calmly," he added. However, further events linked to the attack could have an impact on household and investor confidence, and risk aversion, Constancio said.

The Euro Stoxx 50 index of eurozone bluechip stocks increased 0.05 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, added 0.11 percent.

The DAX of Germany climbed 0.05 percent, but the CAC 40 of France fell 0.08 percent. The FTSE of the U.K. gained 0.46 percent, but the SMI of Switzerland finished lower by 0.26 percent.

In Frankfurt, Lufthansa dropped 2.62 percent.

Fresenius Medical Care fell 0.88 percent and Fresenius weakened by 0.89 percent.

In Paris, hotel group Accor decreased 4.71 percent, impacted by the terror strikes. Air France-KLM tumbled percent.

LVMH fell 1.39 percent and Kering weakened by 0.70 percent.

Credit Agricole declined 1.79 percent and BNP Paribas lost 1.14 percent. Societe Generale also surrendered 1.03 percent.

In London, Premier Oil climbed 7.41 percent after announcing the sale of its Norwegian business.

Taylor Wimpey gained 4.09 percent. The company reported that in UK current trading, sales rates for the year to date are ahead of last year at 0.76 sales per outlet per week, compared to 0.66 last year.

TUI dropped 4.06 percent and International Consolidated Air Group lost 2.78 percent. Carnival decreased 2.54 percent and Intercontinental Hotel Group fell 1.91 percent.

Sonova Holding fell 7.76 percent in Zurich. The hearing aids maker slashed its full-year sales and profit forecasts.

Eurozone inflation turned positive in October, thanks to a slower pace of decline in energy prices, latest data revealed Monday. Consumer prices edged up 0.1 percent from a year ago, reversing a 0.1 percent fall in September, final data from Eurostat showed. The statistical office initially estimated nil growth for October.

House prices in the United Kingdom decreased in November, the latest house price balance from property tracking website Rightmove showed on Monday. The house price index fell 1.3 percent month-over-month in November, which was the smallest drop since 2011.

Manufacturing performance in New York State continued to contract in November, new stats revealed on Monday. Figures showed a slightly slower decline for the month, but the improvement was not as strong as economists had predicted.

The New York Federal Reserve said its Empire State index came in at negative 10.7 for November. This compared to a reading of negative 11.36 for the previous month. Economists had expected the figure to improve to negative 5.0 for November.