Euro STOXX 50 volatility index drops 14 pct
PARIS Jan 2 (Reuters) - The Euro STOXX 50 Volatility Index , or VSTOXX, Europe's widely used measure of stock market risk aversion, dropped 14 percent on Wednesday after a budget deal by U.S. lawmakers buoyed investor sentiment.
The VSTOXX - which is used to measure the cost of protecting stock holdings against corrections - tumbled to 18.45, reversing most of a Dec. 28 surge that had been fuelled by fears a deal would not be struck.
- Tweet this
- Share this
- Digg this
- UK troops in largest armoured deployment in Eastern Europe for six years
- India approves $2.6 billion mounted gun purchase - official
- Volunteer snow shovelers hit Buffalo streets as flooding fears rise |
- Somali Islamists execute 28 non-Muslims on Kenyan bus |
- France's Sarkozy wants EU to lose half its powers