http://www.zerohedge.com/news/2016-03-12/jpmorgan-ecb-could-purchase-equities-next
The ECB’s corporate bond program will result to lower financing costs and more limited financial distress over time. This coupled with elevated Equity Risk Premia will increase the incentive for European companies to buy back their own shares. We thus see a higher chance that share buyback activity will improve in Europe from its current dormant phase.
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