Equity Traders Act Like There's Little Risk Left in Europe
- ‘Nobody’s excited and nobody’s worried,’ Morgan Stanley says
- Trading on benchmark Stoxx 600 is the quietest since 2000
Bob Diamond Says We're 'Very Bullish' on Europe
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All’s quiet on the European front, if stock traders are to be believed.
With Germany’s election -- the fourth major one in the region this year -- now out of the way, equity trading is the quietest since 2000 and a gauge of volatility hovering near a record low. Sentiment has been supported by steady economic growth and low interest rates, and strategists at banks including Goldman Sachs Group Inc. and Morgan Stanley say only a big shock will put an end to market resilience.