Economics

Europe’s Stock Rally Fails to Damp Anxiety Over Greece: Options

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The flood of money pouring into European stocks belies an undercurrent of unease.

While the equities are enjoying their best start to a year since 1997 and investors have poured $4.7 billion in an exchange-traded fund tracking them, the number of bearish Euro Stoxx 50 Index options has climbed to the highest level since before the financial crisis relative to bullish ones.