Share in Europe have risen this morning following increased investor confidence after news the Japan was starting to get a hold on their nuclear problems.
Deutsche Telecom also saw a price rise after merger and acquisition news was revealed.
Whilst the early gains looked good, the $2 a barrel oil price increase dampened spirits, following British and American air strikes on the Libyans.
David Buik from BGC Partners said, “The situation in Japan does not look as dire as expected and the market likes the news about Deutsche Telekom,”
“Providing the situation in Libya does not get out of hand, investors should refocus back on equities and stocks should rally given how far they pulled back last week.”
Deutsche Telecom saw a 16% rise in their share price after American giant AT&T announced their own plans to buy Deutsche Telecoms T-Mobile USA arm.