European Stock Volatility Hits a Record Low

Tranquility ruled the bourses of Europe on Wednesday as the VStoxx Index of euro-area volatility dropped to an all-time low. Still, the calm has yet to spur levels of exuberance seen across the Atlantic. While a rally has lifted U.S. benchmark indexes to record highs, European stocks still trade about 30 percent below their March 2000 peak.

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