The combination of higher-than-expected job creation in the US and better prospects for solving the sovereign debt crisis continues to instill confidence in the markets. In America, the good news doesn't stop at the job market. The housing sector is also seeing a rise in house prices (which in this case is great news) and a sharp resurgence in those mortgage refinances that put money in the pockets of borrowers.
In Europe, the opposition between Draghi and the Bundesbank is now open: the era of tiring compromises is giving way to a less uncertain policy, whose outlines are beginning to be seen. The important thing is that Buba is now isolated: even the traditional allies (Holland, Austria, Finland) voted with the majority. This morning, the regional index in Asia is starting to register a 1,6% increase (in China, the regulators have adopted facilities for the purchase of company shares by the company's employees), and the euro it clearly strengthened, touching 1,24 against the dollar, also in the wake of the declarations of the 'troika' on Greece: the latest exams have led to 'productive' discussions.
