Generally benign share markets allow airports to float upwards. Airport share prices
In the US shares closed higher on yesterday, as investors contemplated progress on a USD15 billion bailout plan for the troubled American motor vehicle industry. The Dow Jones Industrial Average rose 70.09 points (+0.81%) to 8,761.42 points. The Nasdaq rose 18.14 points (1.17%) to 1,565.48 and the Standard & Poor's 500 index added 10.52 points (1.18%) to 899.19.
Asia Pacific share markets closed higher on 10-Dec-08 amid hopes of an aggressive rate cut in the US next week. The Hong Kong Hang Seng rose 824.52 points (+5.59%) to 15577.74, the Tokyo Nikkei rose 264.37 (+3.15%) to 8660.24, while the Australian ASX200 closed slightly higher at 3590.1 rising 16.8 points (+0.47%)
Meanwhile in Europe, share markets were mixed. The FTSE fell 13.98 points (-0.32%) to 4367.28, the DAX 30 was up 25.77 (+0.54%) to 4804.88, while the CAC 40 rose 22.51 (+0.68%) to 3320.31.
In this climate, airports were treated well, despite increasingly pessimistic outlooks for the airline industry. But Australian Infrastructure Fund (-2.5%) continued to decline, a direction that has continued into today's trading too.
Selected airports daily share price movements (% change): 10-Dec-08
