Periphery gets biggest boost from ECB

Europe's Stoxx 50 gained nearly 1% in wake of today's ECB rate cut and move towards QE, but the periphery outperformed, with the strongest market being the one furthest out - Athens +2.8%.

The Global X FTSE Greece 20 ETF (GREK +3.4%) is now up 40% Y/Y.

National Bank of Greece (NBG +6.5%) also enjoyed an upgrade to Buy from Deutsche Bank.

Emerging European markets: Turkey (TUR +3.5%) and Poland (EPOL +1.6%).


Previously: Negative rates not the end of moves for the ECB

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Comments (5)
  • crl1603
    , contributor
    Comments (408) | Send Message
    got into NBG AT 2.93 has done well recently, anyone have an opinion on NBG.
    5 Jun 2014, 05:36 PM Reply Like
  • wcz83
    , contributor
    Comments (191) | Send Message
    got into NBG @ 2.98 recently as well. Average @ 4.60..holding long..
    5 Jun 2014, 07:55 PM Reply Like
  • goaboy
    , contributor
    Comment (1) | Send Message
    This stock will be above 10 by 2016. The Greek and other peripheral economies in Europe are improving. As long as there are no other macro surprises such as Russia invading Ukraine we should see a corresponding uptick in the banks of these peripheral countries. Long NBG and LYG.
    6 Jun 2014, 03:43 AM Reply Like
  • vikramnjnjjdjnd
    , contributor
    Comments (1444) | Send Message
    My favorite speculation stocks NBG and SAN. Long......
    6 Jun 2014, 09:46 AM Reply Like
  • crl1603
    , contributor
    Comments (408) | Send Message
    love lyg and bcs.
    24 Aug 2014, 08:41 PM Reply Like
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