It’s been another dreary day for European markets.
After days of headline domination from Volkswagen, BMW took centre stage today, after an AUTO BILD story revealed that real-world tests gave one of the automaker’s X3 models emissions 11 times higher than the EU limit.
Volkswagen saw some colossal swings too — shares opened up 4.7%, rose to as much as 8% higher before slumping back into negative territory after the BMW story broke.
The UK’s FTSE 100 slumped, ending down -1.21%.
Glencore had a dismal day, ending down by over 9%, while Rangold Resources, another mining company, topped the tables, rising by more than 5%.
Here’s how things look in the other major European markets:
- Germany’s DAX: -1.88%
- France’s CAC 40: -1.96%
- Italy’s FTSE MIB: -2.13%
- Spain’s Ibex: -1.96%
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