LONDON — European stock markets were in the doldrums in midmorning trading Tuesday as Brussels remained in lockdown, and the U.S. government issued a worldwide travel alert to its citizens in response to increased terrorist threats.
The CAC 40 in Paris led the slide, falling 1.2 percent to 4,828.64, followed by the FTSE MIB in Milan, 1 percent to 22,068.24. The FTSE 100 in London and the DAX in Frankfurt both slipped 0.9 percent, to 6,251.95 and to 10,998.63 respectively.
The euro traded at $1.06, while the pound fetched $1.52 and the Swiss franc equaled $0.98 at 10:35 a.m. CET.
Retail and luxury stocks were also down, with the morning’s biggest fallers including MySale Group, 4.8 percent to 0.50 pounds; Hugo Boss, 2.5 percent to 83.50 euros; LVMH Moët Hennessy Louis Vuitton, 3 percent to 157 euros; Unilever, 2.3 percent to 41 euros; Salvatore Ferragamo, 2.4 percent to 21.57 euros, and Burberry Group, 2.3 percent to 12.29 pounds.
Among the few stocks that gained ground were Aeffe, 0.4 percent to 1.42 euros, and Mulberry Group, 0.2 percent to 9.05 pounds.
Brussels remains a no-go zone as police antiterror raids continue to take place in the wake of the Paris attacks that killed 130 earlier this month, while the U.S. has warned its citizens that terrorist groups are planning further acts of violence “in multiple regions.”
The alert will remain in place throughout the holiday season and until Feb. 24, 2016, according to the U.S. State Department.