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The VSTOXX rose above 34 in today’s session, reaching levels that it has not seen since March. The VSTOXX can tend to track at a slightly higher level than the VIX due to its narrower component focus (EURO STOXX 50) but the European “fear index” still illustrates that fear of financial contagion is just as strong or stronger on the other side of the Atlantic.

Andrew Barber
Director