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Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 197.80
Bid: 198.54
Ask: 198.62
Change: -0.92 (-0.46%)
Spread: 0.08 (0.04%)
Open: 196.06
High: 199.10
Low: 192.16
Yest. Close: 198.72
IAG Live PriceLast checked at -

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LIVE MARKETS-How long will pent-up demand last?

Fri, 7th May 2021 10:19

* STOXX 600 up 0.5%

* Traders wait for Scottish election results

* U.S. jobs in focus

* Wall Street futures tick up

May 7 - Welcome to the home for real-time coverage of
markets brought to you by Reuters reporters. You can share your
thoughts with us at markets.research@thomsonreuters.com

HOW LONG WILL PENT-UP DEMAND LAST? (0917 GMT)

It’s probably not such a thorough test for post-pandemic
economic growth and inflation, but high-frequency data can give
interesting clues about the expected recovery.

Over the next few months, the market “focus will
increasingly shift to what the steady-state in the post-COVID
economy will look like,” according to Deutsche Bank, which
highlights data from two countries that have already gone
through the boom phase of the re-opening.

After a few weeks of a solid rebound in Israel, restaurant
spending is back to where it was when the lockdowns started (see
chart below).

Retail sales in Australia stabilized after a short initial
boom (see chart below).

Interestingly, the state that got hit harder with COVID,
Victoria, saw the biggest subsequent boom but equally the most
significant reversal.

(Stefano Rebaudo)

*****

EUROPEAN STOCKS RISE ON RESULTS, M&A (0733 GMT)

European stocks are slightly higher on some solid earnings
and M&A expectations, ahead of key employment U.S. data due this
afternoon.

The Stoxx 600 index is up 0.3% with oil and gas
stock index leading gains up 0.7% on oil prices recovery
on buoyant economic data from China and the U.S.

Meggitt shares soar 14% to March 2020 highs, with
traders citing a report that Woodward is looking at the
U.K. firm for a potential M&A deal.

Shares in Adidas <ADSGn.de are up around 7% after the
company raised its 2021 sales outlook, while Siemens shares rise
2% after the company upped its guidance while warning about
tightening supply chain.

British Airways-owner IAG is down 0.2% as the
company remained cautious on short-term flying recovery.

The market overnight seemed to like comments from Fed
governor Raphael Bostic who said a million or more jobs were
likely created in April would not be enough to push the Fed to
begin discussing scaling back its asset purchases.

According to a Reuters poll, economists expect 978,000 new
U.S. jobs for April, but Deutsche Bank expects 1.275 million.

(Stefano Rebaudo)

*****

TAPERING THE TAPER TALK (0708 GMT)

A million or more jobs added in April won't be enough to
trigger the Fed to ponder its bond purchases is what Atlanta
Fed's President Raphael Bostic said on Thursday, but markets
appear to be wanting to front run any potential tapering with
the S&P 500 stopping just shy of record highs.

The non-farm payrolls report due later today is likely to
set the tone for markets - especially U.S. Treasuries, which
traded in a tight range this week. Estimates for jobs created in
April range widely between 700,000 and more than 2 million.

The reflation trade has been the only game in town as
vaccinations gather pace and that's also supporting the red-hot
rally in commodities that shows no signs of abating with oil,
iron ore and copper all rising sharply. And those markets will
be underpinned by China extending its impressive trade
performance in April with exports jumping a third and import
growth at a decade high.

In more good news, earnings season is continuing to surprise
on the upside in Europe and the United States. German sportswear
company Adidas said it expects strong demand for its
products despite supply chain issues and lockdowns in Europe.
Similarly, Siemens raised its outlook even as it
flagged tightening supply chains.

Those strong earnings prints are set help Europe's benchmark
STOXX 600 index to open at record highs. U.S. stock
futures are also ticking higher.

Elsewhere, the world's second-largest cryptocurrency Ether
hit yet another record high, taking year-to-date
gains to over 385%, as investors diverted focus from its main
rival bitcoin.

Key developments that should provide more direction to
markets on Friday:

- Credit Agricole posts 64% jump in profits

- BMW confirms outlook, but says rest of 2021 to be volatile

- British Airways cautious on short term flying recovery

- ECB President Christine Lagarde speaks at 1000 GMT

- US non-farm payrolls data 1230 GMT

- US earnings: Cigna, Fluor

(Thyagaraju Adinarayan)

EUROPE IN THE BLACK BOOSTED BY STRONG DATA (0528 GMT)

European stock futures are well in the black as a batch of
economic data worldwide boosted expectations that a solid
economic recovery is already underway.

Wall Street rallied overnight after the number of Americans
filing new claims for unemployment benefits fell below 500,000
last week for the first since the pandemic started. At the same
time, China stocks rose after the country's export growth
unexpectedly accelerated in April.

Today's focus is on U.S. monthly non-farm payroll report for
further clues on the labour market and potentially the U.S. Fed
stance on monetary policy.

(Stefano Rebaudo)

*****

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20 Jun 21 10:59

Airlines, holiday companies ramp up pressure on Britain to ease travel rules

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UPDATE 1-Largest Boeing 737 MAX model set for maiden flight

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18 Jun 21 14:18

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17 Jun 21 17:01

LONDON MARKET MIDDAY: Stocks lower as US Fed signals 2023 rate hike

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17 Jun 21 12:11

UPDATE 2-Miners drag FTSE 100 from 16-month highs

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Whitbread tops FTSE 100 after signs of demand pick-up* Trainline surges after higher group net ticket sales* FTSE 100 down 0.4%, FTSE 250 o...

17 Jun 21 09:20

LIVE MARKETS-Banks surge on Fed's hawkish tone

* European Stoxx 600 down 0.2%* Bank stock index jumps after Hawkish Fed, up 2.1%* Insurers up 0.8%June 17 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.r...

17 Jun 21 08:45

Travel for the vaccinated? We're looking at all options, UK minister says

LONDON, June 17 (Reuters) - Britain is looking at all the options on a possible easing of COVID-19 international travel restrictions, including allowing those with both vaccinations to go abroad, Financial Secretary to the Treasury Jesse Norman sa...

17 Jun 21 07:07

UPDATE 2-Britain considers vaccine passports to restart international travel

(Recasts with minister)By Alistair SmoutLONDON, June 17 (Reuters) - Britain is looking at easing travel restrictions, including allowing those who are double vaccinated against COVID-19 to enjoy a foreign holiday without intrusive red tape, a step...

17 Jun 21 00:27

UPDATE 3-Britain, facing airline pressure, considers easing restrictions for vaccinated travellers

* Ryanair is set to launch legal action against govt over travel* UK says looking at vaccinations and inbound travel* Airlines want unrestricted travel for vaccinated passengers* Minister says ruling nothing out on travel reopening* Policy reviews ...

17 Jun 21 00:27

UPDATE 4-Britain, pressed by airlines, may ease rules for vaccinated travellers

* Ryanair to launch legal action over restrictions* UK may make changes for vaccinated travellers* Airlines want unfettered travel for those vaccinated* British Airways, other airlines shares rise* Government policy reviews due later in June (Adds a...

17 Jun 21 00:27

UPDATE 5-Britain, pressed by airlines, may ease rules for vaccinated travellers

* Ryanair launches legal action over restrictions* UK may make changes for vaccinated travellers* Airlines want unfettered travel for those vaccinated* British Airways, other airlines shares rise* Government policy reviews due later in June (Adds Ry...

17 Jun 21 00:27

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