Europe stoxx 600 bank index up very healthy 3%.

NYM light crude up around two and three quarter bucks at $99.55.

Gold up at $1712.50 from around $1705 when I first sat down.

Risk on. EUR/USD up at 1.3325, leveraged buyers noted.

UPDATE: Italian 2 year govt bond yield now comfotably back below 8% at 7.43%. Guess our chums at the ECB been busy beavers.