Aeroflot to be merged with other Russian carriers; Austrian and Vueling drop
European markets climbed for a third consecutive day, following gains in the mining sector. Also pushing the markets higher was euro-zone producer-prices data, which reinforced investors’ expectations the European Central Bank will next week keep its benchmark interest rate on hold, and data from the US in which housing sales improved in Dec-2009. As a result, airline stocks were pushed higher.
