This is the longest period of uptrend in the last three years: the MSCI Asia Pacific regional index gains 0,5%, on the boost of positive news on the US economy: likely agreement on the 'fiscal cliff' and renewed stimulus from the Fed The Federal Reserve's assets will reach 4 trillion dollars, when renewed interventions on T-Bonds will be added to the purchases of para-public securities (linked to mortgages).
The rates on the latter are low, close to historic lows, but for the federal government, the purchases of T-Bonds by the central bank constitute an even cheaper financing, practically at no cost: this is because the interest that the Fed goes to cash on the securities purchased then goes back to the Treasury in the form of central bank profits.
Also contributing to the good mood were orders for the purchase of machinery in Japan, which rose by 2,6%. The euro remains at 1,30 against the dollar, gold is stable (1712) and oil, both Brent and WTI, is up slightly.
