Volatility indices drop down as investors cash out on Macron victory

Macron PA 2404
By Costas Mourselas, Ross Lancaster
24 Apr 2017

French election anxieties dropped out of derivative markets with astonishing speed this week, as centrist pro-EU candidate Emmanuel Macron’s first round election showing set him on course for the French presidency.

The move comes after volatility indices rocketed last week, with investors hedging for a second round battle between Eurosceptic candidates Jean-Luc Mélenchon, from the hard left, and Marine Le Pen, from the far right.

The EuroStoxx 50 Volatility index (V2X), an investor fear gauge based on European blue chip ...

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