| Even after the latest easing measures by the European Central Bank (ECB), the European ETFs are underperforming the SPDR S&P 500 (SPY). Most European equity ETFs are in the red so far this year as compared to SPY which is up 0.25% in the same time frame.
On March 10, ECB in a surprising move came up with a more intensified economic stimulus. The bank has lowered the deposit rate to a historic low of negative 0.4%, down from the previous rate of negative 0.3%. Meanwhile, the main refinancing rate was lowered to zero, which is expected to boost liquidity in the banking system. It also cut its marginal lending rate by 0.05% to 0.25%. If this was not enough, monthly asset purchases were raised to EUR 80 billion from 60 billion previously...............................................Full Article: Source
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