In what looks like a move to ensure the smooth running of net asset purchases through the final stretch of QE, the Bundesbank asked the ECB to include 7 regional German agencies to the list of institutions whose debt is eligible for purchases under the QE program. There have been several warnings that the ECB would run out of eligble assets and the latest move will go some way to ensure that the program runs smoothly through to the end of the year, when we expect net asset purchases to be phased out.
There will be no major data releases both from Eurozone and USA tomorrow so we can expect less volatile session.
