... Reports this morning from French press have been a leading cause of a turn in sentiment towards optimism as Les Echoes notes that when France lost its AAA rating in Jan, the treasury had managed to operate on lower prices and that the country was able to retain itself stable which was not the case for the likes of Italy and Spain. There is a good reason for France to remain in control and stable this time round also the paper noted.

- Markets have also starting pricing in positive news out of the Eurogroup meeting today, with speculation that the newly scheduled meeting between German lawmakers tomorrow is an indication that a decision of some kind will be made on the Greece budgetary reforms today.