27-Jul-2010 4:42 PM
Air Berlin to join oneworld; Ryanair CEO planning trans-Atlantic venture in 2015
Analysis
European shares reached a five-week closing high yesterday, while the FTSE 100 Index reached its highest close in ten weeks, as bank stress tests (conducted by the Committee of European Banking Supervisors) showed a reassuring level of robustness, leading to gains in the banking sector. A strong rebound in US home sales for Jun-2010 also pushed the market into positive territory, with the resulting following a record low month in May-2010.
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