Rising political noise over the results of the recent elections in France and Greece has strongly affected European markets raising uncertainty among the investors. The VStoxx index, called also the fear index, climbed to its highest level in May. The volatility index, measured by a method developed by Deutsche Bank and Goldman and Sachs, rose to 30.9 points in Europe, while the US VIX index is currently slightly below 19 points, way down from the record of 48 points it has hit in August 2011.
