After a miserable Thursday, European markets have come bounding back on Friday.
Volkswagen is still dominating headlines, with the world waiting for an announcement of the company’s new CEO.
As of 4:30 London time, we don’t have that news — but it seems extremely likely that Porsche CEO Matthias Muller is going to get the job.
BMW shares bounced back, surging up by 5% just after the open and staying just below that level for most of the day.
ARM Holdings had an excellent day, ending up over 6% as the FTSE’s best-performing company. Commodities-heavy firms had the worst day again, with Glencore falling by more than 1.5%, followed by other commodities-heavy firms like Antofagasta, Fresnillo and Anglo American.
Here’s how things look in the other major European markets:
- Germany’s DAX: +2.75%
- France’s CAC 40: +3.04%
- Italy’s FTSE MIB: +3.42%
- Spain’s Ibex: +2.42%
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