Turmoil in the markets due to Volkswagen

In new fall yesterday led European markets escalation of the scandal of Volkswagen, as it overshadowed the good figures for the German economy. At the same time burdened the climate among investors waiting for the speech by Janet Yellen, president of the Federal Reserve, from which they expected to infer the intentions of the US Federal Reserve for future moves in monetary policy. The biggest losses recorded index FTSE MIB Milan as closed with losses of 2.31%, while the index of the Frankfurt XETRA DAX closed with losses of 1.92%. 

Alongside indices IBEX 35 Madrid and France’s CAC 40 closed with losses of 1.93%. Dropping 1.17% closed, moreover, the FTSE 100 index in London, due to the large decline in mining companies such as Glencore, Anglo American and BHP Billiton. The shares of the three giants fell from 2.2% to 9 6%, amid great concern about falling commodity prices and reduced demand for metals. The euro rebounded floating night at $ 1.1245, as well as oil, the slow range night at 44.62 and Brent at $ 47.95 a barrel.