US MBA mortgage applications w.e. 18 September +6.8% vs -2.5 prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 18 September 2020
–  -2.5%
– Market index 808.5 vs 757.2 prior
– Purchase index 327.0 vs 316.2 prior
Mortgage activity continues to stay rather robust with the boost in the past week helped by both a surge in purchases and refinancing activity. Of note, the purchase index

Go to Forexlive

UBS says expects emergency approval of 1-3 vaccines in Q4 2020, to spark rotation in equities 0 (0)

UBS‘ asset management arm weighs in on the market outlook later in the year
The firm says that they expect some form of emergency approval of between one to three coronavirus vaccines during Q4 2020, adding that they expect „full approval for broad inoculation to begin by the middle of next year“.

Go to Forexlive

German cabinet reportedly approves 2021 draft budget, new debt of €96.2 billion 0 (0)

Reuters reports, citing an unnamed official
The €96.2 billion in new debt – to be used to finance measures in tackling the virus crisis – would be the second-highest since the end of WWII and comes after the government already took on a record borrowing of roughly €218 billion this year.

Go to Forexlive