Travel stocks drag Europe lower after UK’s quarantine move on Spain | Malay Mail

Tuesday, 28 Jul 2020 08:45 AM MYT

The pan-European STOXX 600 closed down 0.3 per cent, extending declines after it recorded its first weekly fall in four on Friday. Adding to the sector’s woes, Ireland’s Ryanair cut its annual passenger target by a quarter and warned a second wave of Covid-19 infections could lower that further. “There’s always been this concern when lockdown measures were released that we would have a resurgence in cases and reimposition of social restrictions,” said Alastair George, head strategist at Edison Investment Research.

Still, concerns over a resurgence in coronaviurs cases overshadowed an Ifo Institute survey that showed German business morale improved further in July after posting a record increase in June.

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London stocks slide as Spain quarantine hits airlines | Malay MailLONDON, July 27 — UK shares dipped today as a two-week quarantine on all travellers from Spain hammered airline stocks, with simmering US-China tensions and a surge in global Covid-19 cases also sparking a flight from risk assets. The blue-chip FTSE 100 was down 0.2 per cent, with a 9.2 per cent...
Source: malaymail - 🏆 1. / 86 Read more »

London stocks slide as Spain quarantine hits airlines | Malay MailLONDON, July 27 — UK shares dipped today as a two-week quarantine on all travellers from Spain hammered airline stocks, with simmering US-China tensions and a surge in global Covid-19 cases also sparking a flight from risk assets. The blue-chip FTSE 100 was down 0.2 per cent, with a 9.2 per cent...
Source: malaymail - 🏆 1. / 86 Read more »