STOCKS NEWS EUROPE-ESTOXX's put/call ratio hits 2-week high

The put/call ratio of Euro STOXX 50 options climbs to a two-weekhigh just below 2, signalling a rise in investors' appetite for protection, asstocks continue to drift lower on the back of worries over global growth andcorporate results.

The ratio, which measures the trading volume of put options versus calloptions and which is used to gauge investor sentiment, has been oscillatingbetween 0.8 and 1.3 in the past two weeks, before closing at 1.89 on Tuesday,signalling that investors are increasing hedges on their stock portfolios toboost protection against a potential sharp drop in stock prices.

A ratio below 1 usually signal bullishness, while a ratio above 1.5 usuallysignals bearishness.

Reuters Messaging: blaise.robinson.thomsonreuters.com@reuters.net


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