European shares notched small gains but markets continue to understand the potential fallout of the coronavirus outbreak on global growth. Shares in British Airways-owner IAG were unchanged even as BA said it will halt flights to Beijing and Shanghai, joining other carriers in announcing the cutting or suspension of flights to China following the coronavirus outbreak. United Airlines, the biggest US carrier to China said it would cut flight service after a drop in demand. Apple helped support global stock markets after it delivered financial results that beat expectations earlier this week. Toyota said it was halting its China production until February 9, joining a growing list of global companies that have cut back on business activities in China.

Source: Irish Examiner January 29, 2020 19:18 UTC