European civil aerospace shares rise on hopes of US-Iran deal
BUZZ-European civil aerospace shares rise on hopes of US-Iran deal ** European civil aerospace stocks gain on hopes of a U.S.-Iran peace deal after U.S. President Trump said a deal could be signed as soon as this weekend
** An analyst at Kepler Chevreux sees signs of hope for the sector which has been hurt by the situation in the Middle East
** British engine maker Rolls-Royce RR.L rises 5.1% while German peer MTU Aero Engines MTXGn.DE adds 4.4%
** French aerospace group Safran SAF.PA gains 5.4% and planemaker Airbus AIR.PA climbs 4.3%
** Higher jet fuel prices and geopolitical tensions are weakening the airline industry, but companies with younger fleets, diversification strategies and widebody aircraft exposure are the best positioned to navigate uncertainties, Berenberg writes
(Reporting by Lucie Barbier)
((Email: lucie.barbier@thomsonreuters.com))
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