FTSE 100

Shares across Europe rose in morning trading as the eurozone's decision to back a second €130bn (£109bn) bailout boosted hopes for an economic recovery.

ON UK INCOME

US markets climbed overnight to finish the session stronger ahead as Greece managed to avert an immediate default.

Markets in the UK and across Europe were gaining this morning, with investors optimistic holders of Greek debt will agree to a restructured deal.

US stocks saw their worst day so far in 2012 yesterday as Greek debt swap concerns and fears over global growth put pressure on markets.

Fears about slowing global growth forced markets sharply lower on Tuesday, with the FTSE 100 and indices across Europe tumbling.

The FTSE 100, European indices, and US shares all fell on Monday as investors took profits from recent rallies amid signs of a slowdown in China.

Marlborough's Giles Hargreave has reversed his notoriously bearish stance on equity markets for the first time since 2008, telling investors now is the time to be fully invested.

Equity markets globally rose overnight, mimicking the trend seen across Europe yesterday, as investors cheered more positive data from the US.

The IMA £ Strategic Bond sector was more closely correlated than UK small-cap funds to the FTSE 100 last year, data has revealed.