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An indicator of credit risk in the euro zone banking system leapt to its highest since mid-July, as worries about contagion risks from the collapse of two U.S. banks compounded investor concerns about the impact on lenders of rising interest rates. The VIX volatility index, Wall Street's "fear gauge", neared six-month highs overnight, although futures pointed to a higher Wall Street open and European bank stocks recovered from falls earlier on Tuesday.