International Market Update – 10th May
Euro Zone Stock Index [EURO Stoxx 50, +0.19%] that lists the 50 top companies of the European member nations was also up due to the ongoing positive market momentum post French elections.
London Stock Exchange index, FTSE 100 INDEX, rose by 0.57% after closing flat on 8th of May after the exit poll results, the gains came in the wake of historic lows in the European and U.S. volatility indices – which reflect worry among the investors – after Macron’s win over euro skeptic Marine Le Pen.
The German Stock [DAX INDEX, +0.43%] stock performance was similar to that of the European markets. The DAX will continue to serve as the leader for the European markets as the markets become bullish as of late.
Whereas, French stocks CAC INDEX [+0.25%] continue to ascend.
The Americas continues to remain unchanged, as the major indexes are practically dormant.
S&P 500 dipped 0.1%, Dow Jones Industrial Average also closed in decline from previous day by 0.2%. The Nasdaq Composite advanced 0.3%. The America’s markets look eerily quiet with no event capable to show even slight volatility.
The CBOE Volatility Index or VIX rose 1.96% rose to 9.96. But what do these historically low volatility numbers mean for the coming months are yet to be seen. As analysts continue to make sense of this new volatility which has reached its 23 year low and has some investors in the international markets terrified.