France Braces For Financial Hit After Paris Attacks

Analysts expect French stocks to drop when markets open Monday because past attacks in Tunisia, Spain and the U.K. contributed to financial declines.
France Braces For Financial Hit After Paris Attacks

As France recovers from the physical and emotional toll of Friday's terrorist attacks, people and companies across the world are getting ready for financial markets to take a hit.

Analysts are predicting the market drop to be a small and recoverable one though, partly because the attacks began late Friday evening after trading floors closed. Investors had the entire weekend to get information.

Although, many analysts are worrying more about French stocks in the tourism industry, which represent more than 7 percent of the nation's GDP. That market is expected to take the biggest blow. 

A terrorist attack in Tunisia in June reportedly caused $515 million in lost revenue for the nation's tourism industry.

The BBC noted markets in Spain fell by more than 2 percent after the Madrid bombings in 2004, and U.K. markets dropped by roughly 1.5 percent after the London bombings in 2005.

This video includes images from Getty Images. 

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