Europe Volcano impacts market

(Reuters) - The impact of Europe's volcano flight shutdown moved beyond airlines on Monday, rippling through food and energy producers and by delaying an IMF-EU meeting in Athens hitting Greek assets. http://in.reuters.com/article/businessNews/idINIndia-47818720100419  

Airline listed stock flying international saw selling pressure KFA had more pressure compared with JETAIRWAYS and many business activity has taken a hit, reports suggest that Indian Gold import was down due to disturbance. Already European economy is in bad shape countries, like Greece and Spain, which thrive greatly on tourism, are struggling already losing huge amount of tourist dollar. Greek borrowing costs spike again as ash cloud delays bailout talks.

Oil prices also dropped but recovered again, but Volcano can have short term impact on European economy and there trading partners, but nature call one can’t predict. But we have seen countries and economy grow faster after natural calamity like this. Many companies which have business in Europe has been facing pressure if we see TECHMAHINDRA corrected for long time now when many Tech stocks are doing well and stocks like BHARATFORGE & AMTEKAUTO too have business interest TATA group TATASTEEL & TATAMOTORS are also to be watched.
http://in.reuters.com/news/video?videoId=74972471&videoChannel=104  European airlines hope the part reopening of airports will help them cope with financial pressure.
VOLCANO CRISIS COSTS AIRLINES $1.7 BILLION - IATA
AT THE WORST, THE CRISIS IMPACTED 29 PCT OF GLOBAL AVIATION AND AFFECTED 1.2 MILLION PASSENGERS A DAY - IATA

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