EURO STOXX Volatility Index Surges 22.53% to Highest Since October, VIX Rises Amid Market Uncertainty

The EURO STOXX Volatility Index has surged by 22.53% to 20.5256 points, marking its highest level since October and on track for its biggest daily jump in 11 months. This significant increase in volatility is also reflected in the EURO 1-month implied options volatility, which has risen above 7.8% to its highest level since April 2023, and the EURO/STERLING 1-month implied options volatility, now above 6.4% to its highest since March 2023. Concurrently, the VIX, often referred to as the 'fear index,' has risen by 11.3% in early trading, indicating heightened market uncertainty as 10-year yields fall and the Dollar strengthens.