Europe Stocks Open Higher as Asia Airline Stocks Soar: Market Updates

An Hour Ago

Europe stocks open higher

European stocks were cautiously higher early Thursday, with the Stoxx 600 index up 0.26% at 9:20 a.m. in London and sectors trading mixed.

Major bourses climbed, with France’s CAC 40 and the U.K.’s FTSE 100 both up 0.5%, while Germany’s DAX was up 0.1%.

8 Hours Ago

Asia airline stocks gain as oil prices decline more than 3%

Airline stocks in Asia soared as oil prices sunk more than 3%, due to higher-than-expected U.S. inventory.

South Korean carrier Asiana Airlines led Asian airlines, up almost 4%, while counterpart Korean Air posted a 3.23% gain.

Australian flag carrier Qantas was up almost 3.8%, while Japan’s ANA and Japan Airlines climbed 1.53% and 2.8%, respectively.

Other airlines posted smaller gains, such as Cathay Pacific and

Categories Economy