Loading

Crisis Report - 14-10-08

“Panic buying”, but lots more to unfold before we are out of the woods.

In a wave of “panic buying”, New York’s Dow Jones Industrial Average enjoyed its biggest one-day point gain ever on 13-Oct-08, up 936 points. This was the largest percentage gain in 75 years. There were other parallels with the Depression era too, as the gains came on the back of the US government’s (in parallel with several other governments) move to invest in several of the country’s major banks. Markets in Europe, including France, also enjoyed record gains, with several double-digit percentage point gains. London’s FTSE 100 Index rose over 8% and Germany’s DAX gained 11.4%. Japan’s Nikkei, closed yesterday, closed today’s morning session over 1,000 points higher, just above 9,000.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 527 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.