Key Takeaways
- The European Central Bank (ECB) cut its benchmark interest rate Thursday for the first time in five years, after inflation eased in the eurozone.
- European stocks surged following the rate cut, lifting the Stoxx 600 index to a record high Thursday.
- The rise in European stocks boosted many Europe-focused exchange-traded funds in the U.S., such as the Vanguard FTSE Europe ETF.
The European Central Bank (ECB) cut its benchmark interest rate Thursday for the first time in five years, boosting European stocks and many Europe-focused exchange-traded funds (ETFs) in the U.S.
The…