Gruesome day for European shares as gloom covers markets. Norwegian loses 27% value since 16-Jun

01-Jul-2010 was not a good day for the markets, as nervousness about Euro credit, Chinese economic cooling and weak consumer spending coursed through the community's veins. The FTSE 100 index fell 1.62%, France's CAC 40 was down 2.02% and the German DAX lost 1.4%. But those losses went only part way to explaining the depth of airline share price falls, when 12 of the 21 CAPA covers fell by more than 2%.