Travel - Comment

Instead of examining Black Friday “bargains” the market’s focus has turned to a new Covid 19 strain emerging from Southern Africa. Airline stocks have taken the largest hit, with IAG, Lufthansa etc down 10%. The EU had the UK have stopped international flights from Southern Africa and the fear is with increased restrictions a further partial/full lockdown might be required. This fear has impacted oil prices and industrial metals as concerns about GDP emerge. However, with markets closed yesterday in the US for Thanksgiving, volumes may be muted today and exasperate the negative moves in the market.