European stock indices surge as markets re-open after the Easter break, amid optimism that the Federal Reserve may hold off longer than previously expected before raising rates. A major transatlantic deal – in the form of FedEx’s (FDX) agreed $4.8 billion bid for the Netherlands’ TNT Express – boosts enthusiasm about the M&A outlook after a strong first quarter. But it’s a mixed picture for airlines, amid a raft of ratings changes from J.P. Morgan. Ryanair, which also released strong March traffic growth, is a beneficiary but Lufthansa, Air France-KLM and International Consolidated Airlines decline as the analysts cut recommendations.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
