Hong Kong shares are set to jump 2.6 percent this morning following Chinese economic data released at the weekend that was not as bad as some had feared, as well as a bailout plan for Spain's banks, raising the appetite for risky assets.
The Hang Seng index was set to open 476.5 points higher at 18,978.88. The China Enteprises index of top locally listed firms was indicated to open up 2.7 percent.
George Osborne brands the Spanish bail-out as 'depressing' as the Government began paying more to borrow money than ever before.
Andreas Dombret, a board member of the Bundesbank, explains in a rare interview Germany's tough stance over euro crisis solutions.
With 18 of Spain's banks downgraded and the country's cost of borrowing rising, it begs the question: did the bail out happen at all?