Apple, BMW and McDonalds debt could be scooped up by the Bank of England later this month, as the central bank kicks off a £10bn corporate bond-buying programme designed to help the UK economy cope with any fallout from the vote for Brexit. Source: Financial Times
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French far-right leader Marine Le Pen has gained some ground on her main election rivals, independent Emmanuel Macron and conservative Francois Fillon, but would still lose to either of them in the May 7 runoff for the presidency, a poll showed on Monday. Source Reuters
Houses in Germany’s cities are overvalued by as much as 30%, the Bundesbank warned on Monday, adding to fears of a housing bubble in Europe’s largest economy after years of ultralow interest rates. Prices for residential real estate rose by 8% last year in 127 cities. Source: MarketWatch
Russia pumped 10.49 million barrels a day in December, down 29,000 barrels a day from November, while Saudi Arabia’s output declined to 10.46 million barrels a day from 10.72 million barrels a day in November, according to data published Monday on the website of the Joint Organisations Data Initiative in Riyadh. Source: Bloomberg