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.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Bitcoin 'halving' has taken place: CoinGecko
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade