ECB QE is Uneven Benefiting Core More Than Periphery: Capital Economics

ECB QE is uneven, but a corporate bond buying program favoring the largest corporations may not discriminate across geographic lines.  Quantitative easing in Europe has gotten off to a decent start, providing some support to stocks and economic sentiment in the region, Capital Economics noted. The problem, however, is that QE purchases have been uneven, structural reforms are unlikely to deliver an immediate boost to the economy and perhaps most significant “the euro-zone’s growth prospects remain dim,” analyst Jack Allen concluded. The report comes as Capital Economics has previously predicted that ECB bond purchases along will not be enough. ECB…