Volatility indices drop down as investors cash out on Macron victory
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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