Mid-East Stocks, US Futures Slide As Goldman Warns Of Paris Attacks’ Negative Implications For Markets

Following the weakness in the few minutes of after-hours trading on Friday’s US session that overlapped with the first headlines from France, we are getting a first glimpse at the posible fallout from the Paris terror attacks. The Middle Eastern stock markets tumbled significantly with Saudi Arabia’s Tadawul All Share index down 3% (biggest drop in 3 months) to its lowest since December 2012, and Dubai’s FMG Index plunged 3.7% to its lowest since 2014. Short-run implication for the equity market is likely to be negative according to Goldman, with a notably higher risk premium regarding uncertainties about the medium-term political implications.

This post was published at Zero Hedge on 11/15/2015 –.