European Short Sellers Have Missed Out on Stock Market Carnage
- Bearish bets against European equities at lowest since 2016
- Stoxx 600 Index posts biggest 2-day drop in more than 8 months
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Short sellers who have been avoiding Europe have missed out on profiting from the slide in equity markets that has left investors around the world jittery.
The benchmark Stoxx Europe 600 Index has fell 3.6 percent in the two trading sessions through to Thursday’s close, dropping to levels last seen in late 2016. At the same time, the overall level of bearish bets against European equities is hovering at its lowest in 30 months, according to data compiled by IHS Markit Ltd.