Lots of comments on the wires. First up is the views of the Chinese cabinet who sees positive signs in the economy, but the recovery is not on a solid footing. Elsewhere the ECB’s Constancio says there are risks of a prolonged period of weak growth and taking a swipe at the US says that if the external imbalances of the US are not resolved it will cause problems in the future. Lastly GE vice chairman has said that he does not know if he has seen enough to say that the economy has bottomed out and that the economic climate remains difficult. Eur/Usd inching lower to 1.3860.