Market remains positive

The markets remained positive today after the euro continued it's rebound against the dollar, hitting 1.23 at it's high, increasing appetite for riskier assets. The DOW is currently up 93 to 10,283 and the FTSE 100 closed at 5,218, up 16. Worries about Spanish banks access to funds, another downgrade of Greek debt, and weak U.S. housebuilders data were offset by positive economic data. A bid for BSkyB by news international helped offset weakness in the Ftse 100 caused by further falls in BP. The oil giant was pressurised by a debt downgrade and calls to ringfence up to 20 billion dollars to cover claims from the Gulf of Mexico spill.