Euro zone's integration fails to reach stock markets, ECB says

The ECB said euro zone financial integration has progressed steadily, but equity markets remain stubbornly fragmented and lag behind debt and banking integration. The report is structurally negative for the case for deeper European capital markets, though it is mainly descriptive rather than an immediate market-moving policy event.

Analysis

The ECB said euro zone financial integration has progressed steadily, but equity markets remain stubbornly fragmented and lag behind debt and banking integration. The report is structurally negative for the case for deeper European capital markets, though it is mainly descriptive rather than an immediate market-moving policy event.