European equities are expected to open lower Friday as a further drop in commodity prices remains in focus for investors.
Asian markets were focused on the continued slide in oil prices. During Asian trading hours, West Texas Intermediate (WTI) futures fell further. Brent was trading at $37.16, close to an 11-year low. (Nikkei 225: -0.56%; Hang Seng: +0.11%; S&P/ASX 200: -0.25%; Shanghai Composite: 0.00%;Topix: -0.38%)
The European Parliament voted on Thursday to set up a commission to investigate the scandal company Volkswagen and whether the regulatory authorities were unable to prevent fraud, and what are the loopholes in EU regulations. Volkswagen hired Kenneth Feinberg, the lawyer that took care of the BP spill and GM switch claims, to head its consumer compensation program in the U.S.
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