European travel stocks drop on US warning of 'increased terrorist threats'

Investors sought safety in low-risk government debt yesterday after Turkish jets shot down a Russian warplane near the Syrian border, while European tourism-linked stocks fell after a US travel warning due to “increased terrorist threats”.

European travel stocks drop on US warning of 'increased terrorist threats'

It was the first time a Nato member’s armed forces had shot down a Russian or Soviet military aircraft since the 1950s. Russia said its plane had been downed over Syria, but after an initial early-morning flurry on the breaking news, the effects on European bonds and currencies were muted overall.

The yield or interest rate on the Irish 10-year bond traded at 1.10%, little changed on the day, while the equivalent German 10-year bund was also unnerved, closing 4 basis points lower at 0.50%.

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