TipTV Market Round up - BP..L - 23/01/15

Live Market Round-Up & Soapbox thoughts with Steven Mayne Director of IPR Capital

Markets this morning continue to be dominated by the announcement from the European Central Bank yesterday that it would begin EUR60bn a month of asset purchases, encompassing the existing ABS programme and including sovereign debt. Additional eligibility criteria will be applied in the case of countries under an EU/IMF adjustment programme meaning an exclusion of Greece and Cyprus. The programme - initially pencilled to run until September 2016 but in pracctice open ended - is worth an initial EUR1.1 trillion. The announcement has pushed the euro below 12-year lows and helped drive up equity markets across the board - the driver seems to be that QE is QE and equity markets are agnostic as to whether it is being provided by the ECB, the Fed or the BoE. See more at: http://www.tiptv.co.uk/