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European stock 'fear gauge' hits six-week low
May 3, 2013 / 7:35 AM / 5 years ago

European stock 'fear gauge' hits six-week low

PARIS, May 3 (Reuters) - The Euro STOXX 50 Volatility Index hit a six-week low on Friday, signalling growing investor appetite for equities in the wake of the European Central Bank’s interest rate cut and ahead of key U.S. jobs data.

Europe’s widely-used measure of investor risk aversion known as the VSTOXX, which is based on put and call options on Euro STOXX 50 stocks, fell 1.2 percent to 18.52, a level not seen since late March.

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