Global markets brace for short-term hit after Paris attacks

France's President Francois Hollande set three days of official mourning after the attacks he called an "act of war" by Islamic State

SYDNEY: Global stocks are set for a short-term sell-off on Monday after Islamist militants launched coordinated attacks across Paris that killed 129 people, but analysts said a prolonged economic impact or market reaction was unlikely.

President Francois Hollande has declared a state of emergency, ordering police and troops into the streets, and set three days of official mourning after the attacks he called an "act of war" by Islamic State.