In the UK the FTSE 100 Index has retreated a further 10 points to 5348.60 this morning, led by British Airways.
Higher oil prices and a striking crisis have sent shares in the carrier down 5.75p to 286.5p. BA has cancelled as many as 500 flights today, leaving 70,000 passengers stranded, after baggage handlers and ground staff stopped working for a second day at Heathrow.
The 1,000 British Airways baggage handlers and staff are protesting in support of 650 fellow union members at the Gate Gourmet airline catering company who were sacked earlier in the week.
Barclays has also lost 6.5p to 576.5p.
On the winning end, Reckitt Benckiser has climbed 28p to 1708p, after analysts raised its price target.
Old Mutual is up 1.5p to 135.75p.
In Tokyo the Nikkei 225 Stock Average dropped a fraction from its highest level in four years to12, 261.68, however, the benchmark has picked up in excess of 4% over the course of the week.
The banking sector has increased 8.7% during the week, with Sumitomo Mitsui, picking up 3.1% to 837,000 yen, along with Mizuho Financial Group adding1.5% to 539,000 yen.
Mitsubishi Tokyo Financial Group also climbed 2% to 1.03m yen with consumer lender Aiful advancing 6.8% to 8,690 yen.
Car manufacturer Nissan meanwhile, lost 1% to 1,173 yen along with Sony dropping 1.8% to 3,730 yen.
Energy stocks have retreated after oil prices climbed to a record on concern that gains had outstripped their earnings potential.
Crude oil for September delivery increased 0.5% to $66.11 in New York, causing mining firm Inpex to drop 2.9% to 826,000 yen from a record yesterday, after analysts cut its shares to ‘in-line’ from ‘outperform.’
In the US the Dow Jones Industrial Average climbed 91.48 points higher to 10685.89, led by McDonalds.
The fast food chain added as much as $1.99 or 6% to 34.69p.
United Technologies added $1.65 to $51.63; along with aluminium firm Alcoa, capping a good week, up $0.90 to $29.77.IFAonline
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