Coene playing it down a touch - BBH

FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that ECB’s Coene played down some of the excitement on corporate bond-buying.

Key Quotes:

"Though he did acknowledge that the topic was on the table. The council member stated that “There is no concrete proposal yet.”"

"One problem that he mentioned is that given the volume of purchases envisioned, the ECB would end up paying a very high price”.

“In addition, sentiment was also moderated by lackluster earnings results, including Heineken, Nordea, and BHP. "