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Home International Markets

European stocks open higher, Frankfurt adds 0.26%

byCustoms Today Report
22/09/2015
in International Markets
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ROME: Europe’s main stock markets have opened higher on Tuesday, but scandal-hit German automaker Volkswagen suffered a fresh drop.

In opening deals, Frankfurt’s benchmark DAX 30 added 0.26 per cent to 9,974.13 points.

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London’s FTSE 100 index was flat at 6,108.87 points and the CAC 40 in Paris slid 0.06 per cent to 4,582.92, compared with Monday’s close.

Volkswagen stock accelerated losses by more than four per cent.

Shares plummeted nearly 20 per cent on Monday as investigations spread into revelations that hundreds of thousands of VW’s diesel cars have software that secretly thwarts US pollution tests.

Volkswagen, the world’s largest automaker by sales in the first half of 2015, has halted all diesel vehicle sales in the United States during a probe into the scandal, which could lead to fines of more than $US18 billion ($A25.23 billion).

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