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21 Sep 2015
Euro Stoxx 600 extends gains as Dax turns positive
FXStreet (Mumbai) - The pan-European Euro Stoxx 600 index extended gains on Monday after the German equity index DAX erased almost 1% losses to trade moderately higher on the day.
The Stoxx 600 index currently trades 1.10% higher at 358.83 levels, erasing almost entire losses seen on Friday. Earlier today, the shares in London and Paris were upbeat, but in Frankfurt the index faced the brunt of a drop in automobile stocks due to Volskwagen's diesel exhaust cheating scam.
In London, the FTSE 100 was up almost 1% at 6,163.80, while in Paris the CAC 40 was up 1.45% at 4,601.80. In Frankfurt, the DAX was up 0.40% at 9,555.50.
Among stocks, Volkswagen crashed by more than 20%, while rivals BMW and Daimler, skidded more than 3.5% each. Meanwhile, the positive side includes names like satellite communications group Inmarsat, which was up 2.18%.
The Stoxx 600 index currently trades 1.10% higher at 358.83 levels, erasing almost entire losses seen on Friday. Earlier today, the shares in London and Paris were upbeat, but in Frankfurt the index faced the brunt of a drop in automobile stocks due to Volskwagen's diesel exhaust cheating scam.
In London, the FTSE 100 was up almost 1% at 6,163.80, while in Paris the CAC 40 was up 1.45% at 4,601.80. In Frankfurt, the DAX was up 0.40% at 9,555.50.
Among stocks, Volkswagen crashed by more than 20%, while rivals BMW and Daimler, skidded more than 3.5% each. Meanwhile, the positive side includes names like satellite communications group Inmarsat, which was up 2.18%.