European markets were firmer this morning after the results of the much-anticipated Spanish debt auction were annouced.
Global markets were higher across the board today with gains in Europe followed by a strong start on Wall Street.
Fund managers are snapping up cheap portfolio insurance ahead of an expected market pull-back, after the VIX index hit pre-recession lows in March.
The Boston Company AM's Saffaye analyses recent US data.
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.
Shares in the US raced near to highs last seen in 2011, while UK indices reached new highs for 2012, as investors welcomed further talks between Germany and Greece.