European markets closed lower Friday in the wake of Thursday's deadly terrorist attack in Barcelona and concerns mount over President Donald Trump's fiscal agenda.
London's main benchmark, the FTSE 100, was down 76.37 points or 1.03%, to 7,311.94. France's Cac 40 lost 0.90% or 46.34 points to 5,100.87 and Germany's Dax lost 0.49%, or 60.47 points, to 12,143.
At least 13 people have died and more than 100 were injured after a van drove at speed down Las Ramblas in the Barcelona. A manhunt is underway for the driver of the van. Police have confirmed it was a terrorist attack and Isis have claimed responsibility.
In Cambrils, Spain attackers ran police over in a car, before being shot dead by officers. Police say it was related to the earlier attack in Barcelona and that the five attackers wore explosive belts. These belts have now been confirmed as fake. One woman died of her injuries, bringing the total up to 14 victims.
Markets have been concerned that growing tensions over Trump's reaction to the Charlottesville, Va., attack have put doubt over whether he can deliver his policy agenda. Rumors that economic adviser Gary Cohn was considering exiting the White House have also put doubt over Trump's tax reform.
Investors were fleeing into safe haven assets forcing gold to its highest level since November, breaking $1,300 per ounce.
Airline and travel stocks were badly hit in Europe Friday, as investors absorbed the impact of the sixth vehicular terrorist attack in Europe since July 14, 2016. The Euro Stoxx 600 Travel & Leisure index was down 1.51%, compared with a year-to-date increase of 4.35%.
Low-cost airline Ryanair (RYAAY) dropped 4.15% in London, International Airlines Group (ICAGY) the parent company of British Airways and Spanish airline Iberia, fell 2.23%. Easyjet (ESYJY) was down 0.92%,and Air France KLM (AFLYY) lost 2.22%.
Spanish airport operator Aena and hotel chain Melia fell 164% and 2.01% respectively.
More of What's Trending on TheStreet: