Tuesday, March 24, 2015

Shares resist Lufthansa plane crash – The Economist

The titles of Lufthansa fell 1.56% at the end of the day Tuesday in the bag of Germany after a plane Germanwings collapsed

The relevant German market closed higher despite the news of the crash of an aircraft carrier Germanwings -a inexpensive Lufthansa-, a subsidiary of Lufthansa airline, with 150 passengers on board, which brought down 1.56% a price of 13.56 euros per share.

The news of the plane crash not greatly impact the actions of the airline as its shares fell 1.56% to a price of 13.56 euros per share.

The bag of Germany with its main indicator in Frankfurt the DAX closed up 0.92%, to 12,005.69 points.

In the accident which killed 150 people including including many Spaniards and Germans traveling in the German company Germanwings crashed in the French Alps.

After the accident the state visit that had just start the kings of Spain to France was suspended.

In other cases of accidents airlines like AirAsia case in December 2014 where its shares fell 8.50% after the crash.

European Market closes mixed

The main European stocks ended mixed on Tuesday in order, by internal factors of each market.

London fell 0.26% to close at 7019.68 points and Paris gained 0.67% and ended at 5088.28 points, its best record since May 2008 thanks to strong macroeconomic performance in the euro area and the United States.

Madrid gained 1.10% to 11,579.30 points and Milan rose 1.20% to 23,333.20 points.

European shares closed higher on Tuesday to stay close to a seven and a half years, thanks to France economic surveys in Germany and beat forecasts offset a disappointing Chinese manufacturing data.

The FTSEurofirst 300 index of top European shares unofficially closed with a rise of 0.41% in 1606.76 points after falling to 1,592.51 earlier in the day after weak Chinese data. The index touched on Friday, its highest since mid-2007.

information from Reuters and AFP

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