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European shares' volatility index rises to 9-mth peak
June 24, 2013 / 12:05 PM / 4 years ago

European shares' volatility index rises to 9-mth peak

LONDON, June 24 (Reuters) - A gauge of market expectations of future swings in share prices rose to a 9-month high on Monday as investors worried about stress in the Chinese banking system and a reduction of U.S. monetary stimulus.

The Euro STOXX 50 Volatility index, or VSTOXX, which measures option prices on euro zone blue chips and is regarded as a market ‘fear’ gauge, was up 9.8 percent to 26.40 points, a level not seen since early September.

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