How did the attack in London affect the global financial markets?

As you might expect, these attacks in London have had an effect on the global financial markets. Initially the news produces steep falls on the European exchanges. Well what’s very striking is that the share markets are actually proving rather resilient. And there were these big falls on the European exchanges on Thursday, but that hasn’t been the case around the world. In East Asia for example, Tokyo’s Nikkei average is actually up just under half a percent, and that’s taking a lead from New York, where the DOW finished up 0.3% on Thursday. That is a big contrast with the European exchanges. What we are not seeing is the kind of sustained falls that we saw after the events of 9.11. So the markets are taking a much more pragmatic view this time.