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Investors shun French tourism and supermarket stocks after riots

Reuters  |  LONDON 

(Reuters) - French stocks sensitive to the economy and to fell in an otherwise buoyant market on Monday after the worst riots in decades swept over the weekend.

Shares in supermarket Carrefour, Vinci, Accor, and fell by 0.9 to 2 percent.

Investors and traders said the falls were connected to investors' unease over the potential impact riots could have on the economy and on tourists' appetite to visit the capital.

"is falling, and it is fair to say that investors are wondering if there will be cancellations at their hotels," said Jerome Schupp, a at Geneva-based firm

"It's not good to see those images of a major capital," said a "It could hurt the economy."

The falls came even as France's top stock index climbed 1.9 percent, on track for its best day in a month after a truce in the U.S.-trade war.

(Reporting by Helen Reid; Editing by Toby Chopra)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 16:20 IST
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