At least half and perhaps more of this universe will be excluded from ECB purchases, according to strategists, while debt sold by companies in France is likely to benefit the most from expanded QE in particular. France and Germany account for about a third of outstanding euro-denominated debt. Source: FT
Qatar and Turkey’s central banks have signed a currency swap agreement to provide liquidity and support for financial stability, Qatar’s central bank said on Sunday, days after Turkey’s Gulf ally pledged $15 billion in support. Source: Reuters
Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales. Source: Reuters
England’s worst prison will be taken over by the Government after a damning inspection found that violent inmates have effectively seized control of the jail. Source: The Telegraph
