News of China aid to the Eurozone helped to bolster sentiment somewhat in early trade, but market participants were soon reminded of downgrades after Moody’s came out on Portugal... Although there hasn’t been a lot in the way of any form of fundamental prop for the Euro over the past few days, the single currency is managing to find some relative bids into Tuesday on the back of the news out of China that the vice-premier has pledged to provide concrete action to help the EU with its debt problems. These comments have come out of the EU-China summit in Beijing and are also helping to bolster risk appetite across the board. Meanwhile, geopolitical tensions from Monday have now eased after North Korea said it would not take any action following South Korea’s firing drills in contested territory.

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