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Panic sentiment in European stock markets is rising, and the Volatility index has reached a recent high.

According to Mars Finance, reported by Jin10, due to the prevailing risk-averse sentiment, market risk appetite has sharply cooled, putting pressure on almost all asset classes. The volatility index for the Eurozone stock market—the Euro Stoxx Volatility Index—rose by 2.4 points to 22.6, reaching its highest level since the big dump of regional banks in the U.S. in mid-October, although the index is still far below the 53.5 peak reached in April.

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