KLM were two of the biggest climbers across Europe’s equity markets after analysts at Citi forecast that the reopening of travel routes to Asia could help bolster the beleaguered travel sector. Lufthansa shares rose by more than 6% to €6.60 a share, and Air France KLM rose by 4.8% to €4.07.
Why ? This is irrational. Or did they do lots of year end profit taking and now have cash to again spread around? Market movements rarely make sense to me, perhaps if I had more $ it would make perfect sense, but I doubt it. Or Could it be traders believe Omicron-will soon pass?
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