European stock surges to three weeks high

PARIS, May 23 (Reuters): The Euro STOXX 50 Volatility Index surged 18 per cent to a 3-week high on Thursday, as weak Chinese macro data and worries the US Federal Reserve could soon trim its stimulus measures dented investors' appetite for risk.

Europe's widely-used measure of investor risk aversion known as the VSTOXX - which is based on put and call options on Euro STOXX 50 stocks - jumped to 19.27 on Thursday, while the Euro STOXX 50 index dropped 2.4 per cent, its biggest slide in nearly three months
Share on Google Plus

About Jessica Hornberger

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
    Blogger Comment
    Facebook Comment