Posted Apr 8, 2022, 1:36 PMUpdated on Apr 8, 2022, 6:06 PM
After the shock caused by the Russian invasion of Ukraine, European financial markets seem to be recovering. The pan-European STOXX 600 index even posted a gain of more than 1% since the day before the outbreak of hostilities. But appearances are deceiving and nervousness remains high. The VSTOXX volatility index thus remains above 30 points, a level usually reached in times of crisis.
Above all, investors have evolved their portfolios to adapt. They multiplied the arbitrations. “The world changed on February 24, and the market logically adjusted to this new reality,” underlines Catherine Garrigues of Allianz GI.