Switzerland’s recent action to remove the cap from its currency and let it trade freely against the euro sent vibrations throughout global markets Thursday.
Now, experts are wondering what this means for European stocks and other assets going forward.
To discuss the potential ramifications of this major currency shift, Fidelity Investor editor Jim Lowell joined SunAmerica Funds’ Heather Hughes, Glenmede’s Jason Pride and CNBC’s Rick Santelli on CNBC’s Closing Bell.
For one, Lowell believes the Swiss have tipped their hand and believe that stimulus will be delivered to the eurozone — and if that happens, it should be a net benefit to those stock markets.
To see what Lowell and the other experts had to say about this recent headline, check out the video above.