The FTSE,CAC and DAX closed on a bright note

[gnutrade.satya]

The FTSE , CAC and DAX closed on a bright note as sentiment improved following strong demand for Portugal's debt, while a rally in metals prices boosted resource-related equities. Spain is also under pressure because of its high level of debt. Resource-related shares were in demand.Klaus Wiener, chief economist at Generali Investments in Cologne said: "It's a bit of relief from the fear that was running really high some days ago. There was talk that Portugal could be asking for help very soon. Equity markets are rising because we have a fairly decent global macroeconomic backdrop. The fast growing regions are still powering ahead and we see growth accelerating in the US as well."