After a period of sustained selling on the back of the deteriorating European debt crisis, most global equity markets gained around 2% yesterday, despite the economic uncertainty surrounding Greece and Spain, that is weighing very heavily on the Euro.

Remarks from Ben Bernanke, the Federal Reserve Chairman, have fuelled market expectations that there will be another round of financial stimulus, known as Quantitative Easing or QE, in the near future, as the recovery is nowhere near as strong as expected. This could involve the UK also and although this is not expected to be announced at today's meeting of the UK's Monetary Policy Committee, it is a possibility.

The Footsie gained 2.36% on Wednesday, the first trading day after the long two day bank holiday, in line with gains made in the US.