Tech stocks and receding investor fears buoyed US shares on Wednesday while European markets largely retreated. Photographer: Michael Nagle/BloombergEuropean shares lost momentum following two days of gains as news that the continent’s key gas line from Russia may undergo further maintenance sparked fresh energy security fears.The Iseq index of Irish shares gained 40 basis points - 0.
Ryanair Holdings gained altitude, adding 2.11 per cent to close at €12.795. Dealers said that the Irish airline outperformed many European carriers on Wednesday as it is one of the few that remains largely unaffected by operational problems that have dogged rivals since summer travel took off. The group is due to report first-quarter results next week.
Ryanair competitor Easyjet dipped 0.8 per cent to 390.4p as investors remained somewhat wary of airlines following weeks of cancellations and disruptions to Europe’s recovering air travel industry. Air France KLM closed 1.24 per cent down at €1.28. Dealers noted that airlines had a mixed day as investors are still wary of the impact of bottlenecks and delays on European airlines. German group Lufthansa dipped 0.68 per cent to €6.24 on the same concerns.
And the population are suffering as a result.
Because it's the 51st US State... Economically