The announcement Thursday by the European Central Bank that it would fight deflation with a U.S.-style quantitative easing program was met with a lukewarm response throughout the international marketplace.
Broad: European ETF
Signs of strength in Europe have been percolating for weeks now as the Vanguard FTSE Europe ETF (NYSE: VGK) has gained more than 6 percent from its early January low. This may have been largely fueled by rumors over the quantitative easing program, which drove international markets higher in anticipation of these efforts.
Despite today’s confirmation, the majority of single-country ETFs that track European markets are largely flat or showing uncharacteristic signs of dismissal.
Single Country: German ETF
The iShares MSCI ...
/www.benzinga.com/etfs/specialty-etfs/15/01/5170696/european-etfs-offer-muted-reaction-to-ecb-quantitative-easing alt=European ETFs Offer Muted Reaction To ECB Quantitative Easing>Full story available on Benzinga.com
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