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Is Ebola Affecting Credit?

13 October 2014 by lberuti

Most of the US markets were closed for Columbus Day, and activity was less frantic during today’s session that it was last week. That was the opportunity for the market to give some thoughts to recent events. With new cases of Ebola in continental Europe and in the US gaining more press coverage, investors were bound to assess which businesses could be most impacted. Unsurprisingly, they first focused on the travel industry. Names like BAB (British Airways Plc), TUIGR ( TUI AG), SOLSM ( Melia Hotels International SA) were all weaker and contributed to the underperformance of the Consumer Cyclicals. The losers are obvious for all to see, but everyone is still looking for who could come up with a solution.