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European Stocks Recover; DAX Boosted by Volkswagen

ABC News – European stock markets opened higher Tuesday after Japan’s Nikkei index recovered from 26-year lows, with Germany’s DAX further boosted by another steep rise in the value of Volkswagen AG shares.

The FTSE 100 index of leading British shares was 92.62 points, or 2.4 percent, higher at 3,945.21, helped along by a near 6 percent rise in BP PLC’s share price after the oil giant revealed an 83 percent increase in net profit in the three months from July to September to $8.05 billion.

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