FTSE 100 surges amid recovering travel stocks
On Wednesday, British stocks surged, driven by revenues in British Airways parent as well as other travel stocks after Tuesday’s terrible terrorist attack in Belgium, Brussels.
The FTSE 100 soared up to 0.2% at 6,202, however, its revenues were quite limited, because financial as well as mining stocks demonstrated a downbeat move.
Travel-sector stocks didn’t miss their unique chance to gain back after recent losses caused by terrorist attacks at the Brussels Airport on Tuesday, with 136 people wounded and 34 killed.
Stocks of InterContinental Hotels Group PLC gained up to 1.2%. As for a low-cost carrier easyJet PLC, its shares grew 0.9%. British Airways parent International Consolidated Airlines Group PLC managed to acquire 0.5%.
Cruise operator Carnival PLC finished +2.5%, while tour organizers TUI AG and Thomas Cook Group PLC gained 0.3% and 2.6% respectively.
Financial analysts think that security threats will most probably remain actual on the list of geopolitical concerns, which surround financial markets.