European shares slip; Volkswagen rallies after transformation plan
European shares ticked lower Friday ahead of closely watched U.S. jobs data. The STOXX 600 dipped 0.1% to 648.67 points by 0710 GMT, while Volkswagen rallied after announcing a transformation plan including 50,000 job cuts.
Story updates
07:31:55 AM UTC
SquawkNews
European indexes edge higher in early trade after initially falling at market open. AI-related stocks gain as software stocks fall, with the Europe-wide Stoxx 600 rising 0.2%. The DAX gains 0.2%, led by a 5% jump for Volkswagen after the car maker's board agreed to double its job cuts. London's FTS…
07:50:46 AM UTC
SquawkNews
By Dominic ChoppingVolkswagen shares jumped Friday after a wide-ranging restructuring plan that will see another 50,000 job cuts was approved by the company's supervisory board.Shares rose as much as 8.7% in early European trade.The German automaker had warned that it must do more in its fight agai…
European indexes edge higher in early trade after initially falling at market open.
AI-related stocks gain as software stocks fall, with the Europe-wide Stoxx 600 rising 0.2%.
The DAX gains 0.2%, led by a 5% jump for Volkswagen after the car maker's board agreed to double its job cuts.
London's FTS…