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
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.