In overnight trading Japanese markets had the largest gains with Nikkei rising 2.1%%, Hong Kong up 1%, China up 0.9% and the Indian markets trailing the region with a modest rise of 0.5%.
Australian markets were up 0.8% on heels of 3.6% GDP growth for 2012. The best performing developed economy for last year.
EU Q4 GDP figures were confirmed at -0.6% this morning although markets are little concerned eager to follow the US markets into the green. European shares remain in positive territory for now with London +0.2%, Paris +0.4%, and Frankfurt +0.6%.