Morning Chronicle - Economy (English)

European, US markets wobble awaiting Santa rally

European and US stocks bounced around Monday as investors waited to see if a so-called Santa Claus rally sweeps over the market.

Volkswagen boss hails cost-cutting deal but shares fall

Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to close factories, but the car giant's shares fell heavily on Monday.