Extreme losses for Volkswagen AG. Volkswagen almost lost a quarter of its market value after. The U.S. executive, Michael Horn, admitted that while testing diesel cars of the Volkswagen Group they have detected manipulations that violate American environmental standards. Turbulent times are coming for Chief Executive Officer Martin Winterkorn.
Record high house prices in the United Kingdom. The average increase in housing prices across the country has been the highest in 13 years. However, demand for affordable houses remains high, while new real estate supply remains tight.
After two weeks of falling markets, European stocks clawed back. Equities are recovering after the Federal Reserve’s decision to keep rates unchanged last week. Investors will get a better picture coming days.
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