Tuesday December 1, 2020

Markets ‘price in’ terrorist attacks

Surveying the bloodied casualties streaming out of Underground stations on the edge of London's financial district last Thursday, the former New York mayor, Rudy Giuliani, was reminded of the carnage he had witnessed in his home city after the terror

9th July, 2005

Surveying the bloodied casualties streaming out of Underground stations on the edge of London's financial district last Thursday, the former New York mayor, Rudy Giuliani, was reminded of the carnage he had witnessed in his home city after the terrorist attacks of September 11, 2001.

Even though the financial districts of both cities had been attacked by terrorists - Liverpool Street station in London is a gateway to the City of London - the reaction of financial...

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