In a market permanently worried, if not quite obsessed with European debt woes, the comments from the ECB boss (European Central Bank) that they will support the Euro no matter what, has boosted equity markets substantially.

The Spanish stock market, under severe selling pressure recently has gained 6%, the Footise up by 1.36% and this confidence, possibly just short term, has carried through to the Asian markets.

Greece is still on the stage if not quite centre, as Euro officials check on the cuts they have promised to make as part of the bailout deal, though the market is used to disappointment when it comes to matters of the Greek economy.