Stocks in the tourism sector fell Tuesday as a result of the terror attacks in Brussels, but the decline will only be short term, according to investment experts.
The Euro Stoxx 600 travel and leisure sector slipped 1.9 percent by Tuesday midday and was the worst performer across the regional benchmarks. Ryanair shares fell 2.9 percent, Air France shares lost 4 percent and IAG was down 2.5 percent. This came as major airlines cancelled flights from Brussels after the blasts.
"There will be a flight to quality in the dollar as we are seeing in the movement on dollar-euro," Bob Parker, senior adviser at Credit Suisse told CNBC Tuesday.
"It will also mean probably lower government bond yields across Europe when they are very low already."