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New EU stimulus fund to be announced this week

Nov. 24, 2014 4:21 AM ETVGK, ADRU, FEZ, IEV, EZU, SPEU, EU-OLD, EPV, HEDJ, EUFN, UPV, FEP, FEEU, FIEU, DBEU, EURL, EURZBy: Yoel Minkoff, SA News Editor2 Comments
  • European Commission President Jean-Claude Juncker is due to announce a €21B ($26B) fund this week in attempt to fix a persistent weakness of the European economy - stagnant investment by private companies.
  • The new entity is part of a three-year initiative to spark at least €300B ($372B) of additional investment in the continent’s moribund economy and is designed to make use of existing resources that does not require any new cash infusions from member nations.
  • The euro is +0.1% at $1.2401.
  • ETFs: VGK, FEZ, IEV, EU, EPV, EUFN, EZU, HEDJ, FEU, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU

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