German stocks News

Share prices on the Frankfurt stock exchange fell more than 3.0 percent in midday trading on Tuesday, pushed down by index heavyweight Volkswagen, as it ploughed ever deeper into a pollution cheating scandal.

The Euro Stoxx index of euro zone shares was up 1 percent, retaking some of the ground lost in a decline last Wednesday, when a rising euro hit export-sensitive German stocks.

Frankfurt`s DAX 30 index however fell 0.48 percent to 11,923.02 points, while the CAC 40 in Paris edged up 0.12 percent to 5,034.75 points.

London`s benchmark FTSE 100 index of top companies was up 0.30 percent at 6,824.51 points in early afternoon trade.

European stocks rallied Monday on optimism over quantitative easing in the eurozone, with Frankfurt topping 12,000 points for the first time, but the euro recovered after hitting another 12-year dollar low.

Stock markets around the world rallied on Monday, with U.S. shares recovering after an extended period of weakness as the U.S. dollar weakened and eased concerns about its impact on corporate profits, while the euro recovered from a 12-year low.

European stocks rallied Monday on optimism over quantitative easing in the eurozone, with Frankfurt topping 12,000 points for the first time, but the euro struck another 12-year dollar low.