Charting the Markets: Investors Shrug off Paris Concerns
French stocks rebound, the dollar rises to a record high and Liberty Global snaps up C&W.
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Global stocks rose for a second day, taking their cue from the U.S. after the S&P 500 jumped the most since Oct.22. The flight to safe assets after the Paris attacks faded throughout Monday, continuing a trend seen after similar terror incidents over the last 15 years.
France's CAC 40 jumped on Tuesday after closing just 0.10 percent lower. Monday's worst-performing stock was Accor, Europe's biggest hotel operator. It dropped almost 5 percent on concern tourism will be hurt by the Paris attacks. On Tuesday shares rose as much as 2.2 percent. LMVH shares recouped all of Monday's losses. The STOXX Europe 600 gained for a second day, rising the most in almost four weeks.