Speculation Portugal is facing an imminent bailout was fuelled this morning as the European Central Bank was forced to buy the country's government bonds.
US markets closed 1% ahead yesterday on a buoyant day for global shares as fears around the European sovereign debt crisis eased.
Economic growth in the eurozone will finish higher than forecast in 2010, the European Central Bank (ECB) has said.
Pimco's Ketish Pothalingam says increased M&A activity could end this year's sterling bond issuance drought.