ECB allows BB-rated risk as collateral

ECB to grandfather until September 2021 eligibility of marketable assets used as collateral in Eurosystem credit operations falling below current minimum credit quality requirements Appropriate haircuts will apply for assets that fall below the Eurosystem minimum credit quality requirements Decision reinforces broader package of collateral easing measures adopted by the Governing Council on 7 Aprilโ€ฆ

Adding fuel to the fire

Brent crude oil rebounded on Wednesday and continued to do so in Asia trading on Thursday morning. The gains come after Donald Trump tweeted: โ€œI have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea,โ€ The prospect of renewed tensions in theโ€ฆ