The Bank of England will start purchasing corporate bonds on Tuesday. The central bank will seek to buy notes issued by companies including General Electric, United Utilities Group and Rio Tinto, according to a list distributed last week. Source: Bloomberg
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The euro clearing houses that currently trade from London could only remain in the city after Brexit if the new framework is “strong enough.” But, for now, such a possibility sounds “challenging,” an executive member of the European Central Bank told CNBC in Davos. Source CNBC
Retail sales in December dropped 1.9% from the previous month, according to official figures. Sales across all main retail sectors declined, with the heaviest falls coming at non-food stores, the Office for National Statistics (ONS) said. It was the biggest monthly fall for more than four and a half years. Source BBC
The number of unemployed people registered with Greece’s Manpower Organization (OAED) came to 1,072,652 in December, showing a rise of 24,991 from the same month in 2015, when they came to 1,047,661. Source Ekhatemirini