Saturday, July 16, 2016

European shares fall; airlines, the big losers – El Financiero

Most European shares operations closed with marginal losses, the impact of the bombing of Nice which counteracted the latest advances in Wall Street and the positive data of the Chinese economy.

the aviation, tourism and luxury sectors were among the hardest hit by the attack that left more than 80 dead, defined by the French President, F rançois Hollande , as undeniable “terrorist nature”.

Among the main squares, only index FTSE-100 in London registered a gain of 0.22 per percent, to finish at 669.24 6,000 units.

DAX -30 FRANKFORT closed virtually in balance, with a negligible decline of 0.01 percent. The CAC-40 Paris fell 0.30 percent, the FTSE-Mib of Milan 0.29 percent and the IBEX-35 in Madrid yielding 0.25 percent.

In the stock balance the Parisian hotel group accorhotels is sank 3.04 percent, followed by Air France-KLM lost 1.60 percent and the rental company Europcar car which yielded 3.63 percent.

in Madrid, shares of Spanish group Amadeus, number one travel reservations, down 0.65 percent, while in Frankfurt, the Lufthansa airline fell 0.83 percent.

in London EasyJet lost 2.65 percent and the International Airlines Group (IAG), parent company of British Airways and Iberia, fell 0.92 percent.

Meanwhile, shares of Swiss companies luxury goods Swatch and Richemont pared losses to close at 0.02 percent and 3.08 percent, after Swatch issued a “profit warning”.

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