Blood On The Streets Of Europe – Stocks Crash By Most In 4 Years, Bond Risk Surges

• Blood On The Streets Of Europe – Stocks Crash By Most In 4 Years, Bond Risk Surges
  by Tyler Durden, www.zerohedge.com  
  Carnage – everywhere. A surging EUR – as CNH carry traders unwind en masse – has led to an unwind across most risky assets in Europe. This week saw EuroStoxx 600 – the broad index – crash almost 6%, its biggest drop since September 2011. Perhaps most stunningly, Germany’s DAX was the biggest loser – collapsing 7.4% on the week. European bonds are are also seeing risk increase dramatically with Portugal and Italy worst (aside from Greece’s blowout). Europe’s VIX topped 30 this week, as US VIX surges.
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  Worst weeek for European stocks in 4 years.. (chart top of post) 
  Led by a complete collapse in DAX…
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  read more.

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