You are here

Europe: Stocks open lower

[LONDON] Europe's main stock markets fell at the start of trade on Monday, with Frankfurt hit by plunging Volkswagen shares on the back of a false emissions scam in the United States.

In opening deals, Frankfurt's benchmark DAX 30 fell 0.80 per cent to 9,837.13 points, as Volkswagen stock shed more than 13 per cent in value.

Elsewhere, London's FTSE 100 index dipped 0.14 percent at 6,095.59 points and the CAC 40 in Paris slid 0.21 per cent to 4,526.28, compared with Friday's close.

Volkswagen shares dived after it emerged over the weekend that some of its diesel cars in the United States had been fitted with software that gave false emissions data.