27 April 2009 15:41 [Source: ICIS news]
LONDON (ICIS news)--Chemicals stocks were down marginally on European exchanges on Monday as markets reacted to growing global concerns about the spread of swine flu.
Europe’s first case of swine flu had been confirmed in ?xml:namespace>
Cases have been reported in
EU health minister Androulla Vassiliou had urged Europeans not to travel to
BASF's stock was down 1.6% at 15:44 CET on Monday, while the DAX index was 1.1% lower and the FTSE 100 was down 0.9%. Bayer was down 1.2%, AkzoNobel 1.0% and Air Liquide 1.1%.
Roche, the maker of flu treatment Tamiflu, was up 5.5% and GlaxoSmithKline, maker of Relenza, was up 5.5%.
The swine flu outbreak originated in
The number of confirmed cases in the
Financial markets had reacted nervously to the swine flu outbreak, with some declines in
European analysts suggested that airlines and tour operators would be among the hardest hit stocks but that early hopes for a resumption of economic activity could be hit.
The World Health Organization (WHO) is coordinating the global response to human cases of swine influenza A (H1N1) and monitoring the threat of an influenza pandemic.
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