- 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