European Investors Return From Beach to ‘Extremely Edgy’ Market
- Market is seeking quality and visible growth: fund manager
- Brexit, Italian politics, trade war have rocked Europe stocks
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For European investors just returning to their offices with a tan and tales of packed beaches and heat waves, there’s plenty to catch up on: Brexit, U.S.-China trade, Italy, Hong Kong and the ECB.
It’s been an unusually turbulent summer, to say the least. The VStoxx gauge of euro-area volatility this month reached its highest since early January. The cost of betting against the region’s equity benchmark with options jumped to the most versus bullish wagers in more than a year, indicating increasingly bearish positioning.