Terrorist attack in Paris : How will it affect the markets ?

#1
By now we have all heard/read about the terrorist attacks in Paris. I guess it will hit the stock markets hard the world over, not to the extent of 9/11 attacks, but a goodly bit because these attacks happened on the First World.

Please use this thread to post your thoughts about these attacks.


Eiffel Tower closed indefinitely following terror strike in Paris: All you need to know about the attack
by Nov 14, 2015

Paris: An ordinary Friday night in cool Paris turned into a bloodbath when terrorists executed a series of attacks in different spots in the city. The official death count announced by French President Francois Hollande is at 127. More than 200 were injured in the attacks, in the worst such violence in France's history.

The assailants struck at least six very different venues, ranging from the national sports stadium to a pizzeria. The overall toll is expected to rise.

In his second televised speech late Saturday morning, Hollande held Islamic State responsible for the tragedy and said the tragedy was "an act of war... committed by a terrorist army, the Islamic State, against France, against... what we are, a free country."

He had earlier declared a state of Emergency in the country, the first in France since World War II, in a speech early Saturday morning. "Terrorist attacks of an unprecedented level are underway across the Paris region," he had said, adding, "It's a horror."

Following the attack, the iconic Eiffel Tower has been closed indefinitely, AFP quoted the management of the tower as saying.

Rescuers and police stand by on Boulevard des Filles du Calvaire near the Bataclan concert hall. AFP Rescuers and police stand by on Boulevard des Filles du Calvaire near the Bataclan concert hall. AFPBataclan concert hall

A full house of 1,500 people were packed into the popular venue in eastern Paris for a concert by the US band Eagles of Death Metal.

About an hour after the band took to the stage, the whole concert hall was turned into "a bloodbath" according to a French radio reporter at the scene.

Black-clad gunmen wielding AK-47s stormed into the hall and fired calmly and methodically at hundreds of screaming concert-goers.

Fellow radio presenter Pierre Janaszak heard the first shots and thought it was part of the act.

"But we quickly understood. They were just firing into the crowd."

He said he heard an attacker say, "It's the fault of Hollande, it's the fault of your president, he should not have intervened in Syria."

Four assailants were killed after police stormed in -- three by activating their suicide vests and a fourth shot dead -- but not before they had mown down some 100 people.

Stade de France

Three loud explosions were heard outside France's national stadium during the first half of a friendly international football match between France and Germany.

At least five people died outside the glittering venue which staged the 1998 World Cup final with several others seriously hurt.

One of the explosions was near a McDonald's restaurant on the fringes of the stadium.

At least one of the two explosions in rue Jules-Rimet was a suicide bomb attack.

French President Francois Hollande, who was watching the game, was immediately evacuated.

Eventually, France won the match and the stadium emptied in a relatively calm atmosphere.

Rue de Charonne

A little further east on Rue de Charonne 18 people were killed, with one witness saying a Japanese restaurant was the main target.

"There was blood everywhere," the witness said.

Another man said he heard shots ring out, in sharp bursts, for two or three minutes.

"I saw several bloody bodies on the ground. I don't know if they were dead," he said.

Emergency workers covered bodies splayed on the sidewalk of the traditional Parisian cafe, whose name is a play on the expression "Le Belle Epoque."

Rue Bichat

Le Carillon, a bar-cafe, and the nearby Cambodian restaurant Le Petit Cambodge were apparently both targeted with gunfire, killing around 14 people and leaving several gravely injured, according to the prosecutor.

They are at the junction of Rue Bichat and Rue Alibert

Witnesses described sounds like fireworks, before they realized the gravity of the situation and tried to find a place to hide, or flee.

Pierre Montfort lives close to the Cambodian restaurant. "We heard the sound of guns, 30-second bursts. It was endless. We thought it was fireworks," he said.

Florence said she arrived by scooter a minute or so after.

"It was surreal, everyone was on the ground. No one was moving inside the Petit Cambodge restaurant and everyone was on the ground in bar Carillon," she said.

"It was very calm -- people didn't understand what was going on. A young girl was being carried in the arms of a young man. She seemed to be dead."

Rue de la Fontaine au Roi

A few hundred metres (yards) from the Bataclan, the terrace of the Casa Nostra pizzeria was targeted.

Five people were killed by attackers wielding automatic rifles, according to witness Mathieu, 35.

"There were at least five dead around me, others in the road, there was blood everywhere. I was very lucky."

Boulevard Voltaire

A judicial source said one of the attackers exploded his suicide vest on the Boulevard Voltaire, near the Bataclan. It is not yet known if there were any injuries from the explosion.

French army has deployed 1,500 extra soldiers to Paris to help with the aftermath of the attacks.

Facebook started its Facebook Safety Check feature to allow people in Paris to alert their friends about their safety and to check about the safety of their friends.

Schools and universities in Paris will be closed on Saturday, border controls reestablished and entertainment venues and meeting halls will be closed for the time being, Hollande said.

The Mayor of Paris has urged everyone to stay at home.

With inputs from AFP and AP
http://www.firstpost.com/world/all-...acks-that-killed-120-injured-200-2506128.html
 
#2
These attacks should definately be condemned. But I dont think it will have large impact on the financial markets. Markets anyways are coming down so they will continue the downward drift.

Smart_trade
 
#3
These attacks should definately be condemned. But I dont think it will have large impact on the financial markets. Markets anyways are coming down so they will continue the downward drift.

Smart_trade
Yeah, just another trigger, I guess. Banknifty surely needs a solid trigger to get out of the Bihar results day candle.

 

XRAY27

Well-Known Member
#4
These attacks should definately be condemned. But I dont think it will have large impact on the financial markets. Markets anyways are coming down so they will continue the downward drift.

Smart_trade
Da !!!

After 9/11 Terrorism has extended its arms due to non collective efforts of countries at large :mad: these news adds to the downward drift..
 
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#5
After the attack, France has requested "Article 5" in the "North Atlantic Treaty Organization":

Article 5
The Parties agree that an armed attack against one or more of them in Europe or North America shall be considered an attack against them all and consequently they agree that, if such an armed attack occurs, each of them, in exercise of the right of individual or collective self-defence recognised by Article 51 of the Charter of the United Nations, will assist the Party or Parties so attacked by taking forthwith, individually and in concert with the other Parties, such action as it deems necessary, including the use of armed force, to restore and maintain the security of the North Atlantic area.

Any such armed attack and all measures taken as a result thereof shall immediately be reported to the Security Council. Such measures shall be terminated when the Security Council has taken the measures necessary to restore and maintain international peace and security .


http://www.nato.int/cps/en/natolive/official_texts_17120.htm

Now this could mean "War" in what ever way in a new dimension against "ISIS".

Hmm, not good as war is always a bad thing, even I do not mind when those killers from ISIS are nicely killed from our armies.
 

Rish

Well-Known Member
#6
Against Humanity....Most ridiculous...ISIS is threat for entire world..

Coming to Market...already in downtrend....this attack may be used as reason, by taking nifty spot to 7482 level....(this is not a target or trading call...my view based on chart).

Moreover...December 8500 Put....there is some message....i will post...once i am sure about my view...next week...
 
#7
Hmm, not good as war is always a bad thing, even I do not mind when those killers from ISIS are nicely killed from our armies.
Whatever the view from the social viewpoint, war is apparently good for the markets, specially the reconstruction period afterwards.
 
#9
Whatever the view from the social viewpoint, war is apparently good for the markets, specially the reconstruction period afterwards.
Your post sounds in some way cynically, but reality has sadly proved this in the past. :(

Not my mind set, but it exist as you told.

Now let me put in a cynically though, as I just watched the news over here from France. They say: We have found passports beside the people who blown up them selfs. :confused:

Now my question: Would any intelligent person take his passport with him in case he knows that he most probably will have to blow up him self in the coming hours by what he is going to do??

Did they want to help the Police in any way that they are very quick identified? :confused: or are those really such stupid and manipulated dummies with little brains?
 

nifty trade

Well-Known Member
#10
Your post sounds in some way cynically, but reality has sadly proved this in the past. :(

Not my mind set, but it exist as you told.

Now let me put in a cynically though, as I just watched the news over here from France. They say: We have found passports beside the people who blown up them selfs. :confused:

Now my question: Would any intelligent person take his passport with him in case he knows that he most probably will have to blow up him self in the coming hours by what he is going to do??

Did they want to help the Police in any way that they are very quick identified? :confused: or are those really such stupid and manipulated dummies with little brains?
Just like they had found passports in 9/11 attack, still unburned.

This news proves that it's a false flag operation just like hundreds in more than a decade
 

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