Financial markets shrug off terrorist attack in France

Once again, the sad news of reporting another mass killing in France occurs, this time in the city of Nice, where a truck ramming into a crowd of people celebrating Bastille Day killed more than 73 people (death toll keeps rising), with reports of gunshots heard afterwards. More than 100 are reported injured. The attacker was shot dead by police officers although authorities are calling for people to stay safe at their homes.

Despite the horrible incident, which was yet again perpetuated by a lone wolf/ves (not yet clear), with ISIS claiming responsibility, financial markets in Asia are undeterred ahead of the Tokyo open. The Japanese Yen has seen a slight uptick, but nothing major, last trading at 105.25 from a NY close of around 105.35. US 30-year Treasury yields or the VIX index are barely moved, further suggesting that markets are largely ignoring the fluid situation in France.

 

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