Companies in France Feeling Affect of Terrorist Attack
It has been a cycle that has repeated itself in several countries including Egypt and Tunisia recently, terrorists go on the attack and then in the days, weeks and months that follow holidaymakers and tourists then start to cancel their holidays to those places and either stay at home or rebook their holidays to other countries deemed to be much safer.
It would now appear it is the turn of France to suffer from this terrible fate, for reports coming in suggests that Paris and other major French cities are seeing a downturn in the number of visitors with tourists and holidaymakers alike choosing to avoid those cities due to the recent and devastating terrorist attack.
The terrorist attack is not the only problem France is suffering from at the current moment in time as a mass exodus of refugees is swarming the country and forcing ports and the Channel Tunnel to increase security procedures which slows down the movement of people and goods into and out for France at several different border crossings.
One respected research group is Markit whose unique index which is based on private businesses shows that many companies and businesses based in France are seeing a downturn in business and trade as a direct result of the terrorist attack.
That is something that you should keep in mind and be fully aware of in the coming weeks and months when you are considering placing Binary Options trades on companies based in France.
Whilst many companies are of course going to not be affected in any way shape or form by the terrorist attacks there are several that will and the downturn in business those companies suffer will also have a knock on affect on several different businesses.
Just be forewarned that whilst trading figures in the run up to the Christmas shopping period and the New Year’s sales period may be impressive for companies involved in the retail market sector in France, companies involved in air travel and travel in general may start to decrease and that will of course affect the share prices of those companies.
In fact in may be beneficial financially for you to take a step back, and stop placing trades on companies based in France until the long term affects of the current situation are fully known, and stick to some of the more reliable trading opportunities that are offered elsewhere.
