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...A version of this article was first published by Nikkei Asia on January 15. ©2021 Nikkei Inc. All rights reserved....
...The S&P aerospace and defense sector index dropped 1.4 per cent to a one month low of 770.42....
...A few years ago Japan’s ANA airline asked passengers to use the toilet before boarding their flights....
...The regulatory approval represents an important milestone in the process, announced last year, to launch a cash tender offer for Delta’s acquisition for up to 49 percent of Grupo Aeromexico S.A.B. de C.V...
...The index was led by US airlines, which operate fewer routes over continental Europe than international peers including Air France-KLM and Deutsche Lufthansa....
...Gogo, the biggest provider of WiFi on US airlines, has tapped a steadily growing market as more carriers allow passengers to access the internet....
...With almost a third of the S&P 500’s market capitalisation reported, companies have so far produced the lowest earnings beat-rate in a decade, according to Standard & Poor’s Capital IQ, with revenue gains...
...The industrial sector has been the second strongest in the S&P 500 this year, outperformed only by energy....
...All of the 10 main sectors of the S&P 500 were up, adding to a two-day rally that began after positive manufacturing data were released on Wednesday....
...As it is already rated AA with a negative outlook by S&P this might not be a surprise, but coming the day after a difficult auction and with the 10 year hitting a multiyear yield high of 5.43% and indeed...
...Tim Fox, S-76 programme manager, says: “We have about 80 aircraft orders on our books. There has been a bit of attrition but we’re starting to see an upswing.”...
...Fitch downgraded Greece to BBB+ in December 2009 at a key moment for Athens’ debt crisis — and was quickly followed by S&P. More as we get it....
...In New York, the S&P 500 index was heading for an 11-month high, while Europe’s leading shares rose for a fifth day in succession....
...The level is historically associated with a recession in the broader economy. Caterpillar and Honeywell lost 4.5 per cent at $56.95 and $39.68 respectively....
...JetBlue , up 14.4 per cent at $7.15, provided support to a range of airline stocks after Lufthansa acquired a 19 per cent stake in the low-cost airline....
...Yet Honeywell's experience epitomises a paradox at the heart of the US economy. From below, corporate America looks a lot less healthy than it does from above....
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