Oil slides, stocks drop; Paris attacks add to jitters

Fri Nov 13, 2015 6:11pm EST
 
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By Caroline Valetkevitch

NEW YORK (Reuters) - Global stock indexes fell amid disappointing company results and forecasts, while oil prices registered their biggest weekly loss in eight months on swelling storage of crude.

U.S. stock index futures hit session lows after the close on Friday after France was rocked by multiple, near simultaneous attacks around Paris.

French media said at least 60 people were killed and hostages were being held in a concert hall in the capital on Friday evening.

S&P 500 e-mini futures ESc1 were down 22 points in light volume.

Weaker-than-expected U.S. October retail sales weighed on U.S. stocks for much of the day, with Wall Street capping its worst week since August, and dragged U.S. Treasuries yields to their lowest levels in a week.

The MSCI all-country world index .MIWD00000PUS lost 1.1 percent on Friday and fell 3 percent for the week, its biggest weekly decline since early September. The FTSEurofirst 300 .FTEU3 ended down 0.83 percent, hit by weak earnings, and posted a loss of 2.7 percent for the week.

Friday's Paris attacks could add to market jitters, analysts said.

"The geopolitical aspect is always out there, and anything that brings that back into the headlines will pull the buy orders fairly quickly," said Alan Lancz, president of Alan B. Lancz & Associates Inc, a Toledo, Ohio-based investment advisor.   Continued...

 
Traders work on the floor of the New York Stock Exchange November 6, 2015. REUTERS/Brendan McDermid