Markets back in positive territory on Bernanke comments

The FTSE 100 moved back up 57 points to close at 5,086 and the Dow Jones industrials are currently up 118 to move past the 10,000 barrier to 10,058. Commodity stocks were helped by reports from China that exports were 50% higher in May than a year ago. Comments by U.S. Federal reserve chairman Ben Bernanke also helped sentiment when he said last night that and today that any residual impact of Europe's debt trouble on U.S. economic growth would likely be modest so long as financial markets continue to heal and he pressed politucians to address the scale of their budget deficits both in the U.S. and globally. After the falls of the past few days, traders were saying that economically sensitive sectors like industrials, infrastructure and technology were over sold.