Volatility at lowest level for over a year, says S&P Dow Jones
Data from S&P Dow Jones Indices shows that calm has returned to the markets following Brexit, as VIX closed at 11.77 – its lowest level for over a year.
Along with VIX, nearly every volatility measure since a month ago. The greatest falls were in short term US equity volatility and in British pound sterling volatility; both fell by about 50 per cent.
Tim Edwards (pictured) of S&P Dow Jones indices says: “At the start of the holiday season, the global outlook is generally suggestive of a quiet summer. Only the Japanese yen, British pound and Japanese government bond volatility indicators closed above their trailing 200-day averages.”