At the Opening Bell

Futures are pulling back from their fresh gains however, still manged to trade in green. European and Asian bourses are all up.

FTSE 100 up 1.66% at 4478, DAX up 2.03% at 5099.35, CAC 40 up 1.55% at 3347.90 HANG SENG up 4.03% at 18785.66, Nikkei 225 up 2.09% at 9991.49.

Meanwhile, MBA purchase application data, which publishes a weekly survey that covers 50% of all residential mortgage, is showing that the Market Composite Index is down 7.2 % at 611.0. The index is a measure of mortgage loan application volume. The Refinance Index also decreased 11.8 % to 2605.7. The average rate for a 30-year fixed rate mortgage went up 5.57% while the application volume increased 1.12%.