Volkswagen shares recover from early drop following 1Q results

Western Europe – markets fell initially but recoup their losses towards midsession. Shares of companies reporting better than expected estimates lead the way with Bayer, BNP Paribas and ING at the forefront. Volkswagen, after initial drop to EUR30.72 as results were published, gets back above today’s open to trade at EUR32.55 (+.0.69%) at midday. Futures point to mixed-to-weaker open on Wall Street, macro-economic data to affect trading only marginally.

Petr Zabza