Wealth Management Review - Strong February rally
Blue Horizon February 2015
Strong February rally
On 5 March the ECB kept rates unchanged at 0.05% and announced it will start its quantitative easing program on 9 March. It will purchase euro-denominated public sector securities in the secondary market and will continue to buy asset-backed se-curities and covered bonds. The ECB plans to spend EUR 60 bn per month and will purchase sovereign debt until at least September 2016. This was favorably perceived by markets, and European equities in particular continued to rally.
Continue to read ...