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Market News & Analysis
FTSE higher in Brexit breather
Fiona Cincotta April 16, 2019 6:49 PM
US bank results underwhelm so far, more to come
In the US bank results will be in focus again Tuesday following underwhelming earnings from Citigroup and Goldman Sachs yesterday. Looking at the bigger picture this is the first quarter since 2016 that is expected to show overall weaker results across a number of US industries as hints of higher wages and in some areas declining demand work their way through the system. The earnings merry-go-round continues later today with earnings from Bank of America and Morgan Stanley.
Airlines facing a tough quarter as fuel prices rise
Airlines have been feeling the pinch of rising oil prices which combined with overcapacity in Europe and stiff competition is eroding earnings. Releasing its results Lufthansa said that almost two thirds of its EUR300 million quarterly loss was attributable to higher fuel costs. The subsequent 5% drop in the company’s share price triggered a Europe-wide decline in airline shares, not sparing British Airways parent ICA and easyJet
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