Markets in Asia opened positively, and the regional index is on track to rise for the sixth consecutive day. Having overcome the obstacle of the German Constitutional Court with relief, today we expect more good news from the meeting of the Federal Reserve, which, according to the majority of analysts, will announce another round of quantitative monetary expansion (Q3), aimed not only at stocks public but also to bonds covered by mortgages. Speaking of mortgage rates, the Mortgage Bankers Association said last night that 3,50-year mortgage rates hit a new all-time low (at 12%) and refinance applications soared XNUMX% week-on-week. .
The euro is holding above 1,29 and the dollar is weak across the board, including against the yen and Australian dollar. The rise of the euro could have been more marked if it weren't for the fact that the Greek prime minister had to register the second refusal in four days to the request to dilute the budget cuts.
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