IAG, the owner of British Airways, lost value as airlines were the main losers in London Stefan Wermuth/ReutersEuropean stock exchanges closed lower for a second day as traders reined in their appetite for risk in the immediate aftermath of the terrorist attacks in Spain. The FTSE 100 finished down 0.8 per cent at 7,326.15 almost flat on the week. In Madrid, the Ibex 35 fell 0.8 per cent, as France’s Cac 40 and Germany’s Dax 30 dropped 0.9 per cent and 0.6 per cent respectively. Wall Street followed the negative mood of Europe’s bourses where concerns are mounting over President Trump’s ability to deliver on his pledges to cut taxes and invest $1 trillion in the US infrastructure. By mid-morning in New York the Dow Jones industrial average had shed 24.15 points to 21,278.10 while the more broadly-based S&P 500 was 0.1…

Source: The Times August 18, 2017 11:15 UTC