SaxoTV

Garnry: Why more ECB QE could be bad news for some European banks

952 views
December 01, 2015 Barclays, banco santander, banking, banks, basel3, bbva, capital, commerzbank, consumer goods, consumption, earnings, ecb qe, equities, equity market, equity strategy, european, european central bank, exporters, exports, financials, garnry, impact, margins, monetary policy, negative, negative rates, peter, peter garnry, pressure, rate cut, regulation, saxo, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo bank tradingfloor.com, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor.com, saxotrader, saxotradergo, saxotv, shares, standard chartered, stock, stock markets, stocks, strategy, traders, trading, tradingfloor, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv
The European Central Bank is widely expected to ease its monetary policy further, when it meets on Thursday December 3. While the move is set to boost exporters and companies tied to consumption, it could spell trouble for some European banks, says Saxo Bank's Peter Garnry.

Garnry looks at the impact an already very negative rate environment is having on European banks. He sets out his trading strategy, including the five banking stocks he's looking to short as earnings come under pressure as a result of the ECB's monetary policy.