Gabby Canonizado 02, Flickr
Risk appetite is seeing an impressive turnaround this morning.
Things had gotten off to a negative start when Asia opened,
 as investors reacted badly to Chinese trade figures which were controversial.
But European investors have a different take on things it seems, 
and gains are being seen everywhere.
Spain is up 0.86%. Italy is up 0.99%.
Peripheral borrowing costs are down again.
US futures are higher.