“The European Central Bank surprised almost everyone by announcing a new series of measures, trying to avoid an unwarranted tightening of its monetary stance,” he said in a research note.

Karen Ward, a chief market strategist for EMEA at J.P. Morgan Asset Management, said that the ECB had now followed the U.S. Federal Reserve with a “significant pivot” in policy.

“This should help stabilize sentiment and activity in the euro zone. But for a meaningful turnaround in Europe we look further afield to what’s happening in Beijing. In our view a notable rebound in activity in China is required to see a significant reacceleration in Europe over the course of the year,” she said in a note.

 

And on another note………Rock portfolio up today!