Periphery gets biggest boost from ECB

|By:, SA News Editor

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%).

ETFs: GUR, ESR

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