Europe Stocks Rebound From Two-Day Drop Despite Volkswagen Slide
- Volkswagen admitted to cheating on U.S. pollution tests
- Stocks fell most in 2 weeks on Friday after Fed decision
The Stoxx 600 Climbs 0.9 Percent
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After their worst fall in two weeks, European stocks clawed back some losses today, helped by a broad-based rally.
Equities are recovering after the Federal Reserve’s decision to keep rates unchanged last week raised questions about global growth. Three Fed officials argued over the weekend that a rate increase is still warranted for this year. Investors will get a clearer picture over the next few days, and those focused on the long term can find value in European shares after recent declines, according to MPPM EK’s Guillermo Hernandez Sampere.