US markets opened higher today as positive noises from Europe overshadowed bleaker headlines, such as the UBS rogue trader arrest for causing $2bn in losses for the firm. The Dow Jones gained 1.27% to reach 11246.73 on open today, while the Nasdaq jumping 1.6% to reach 2752.55. Signs that European policy makers are making progress towards tackling the Eurozone crisis boosted London and Europe this morning, as the likelihood of a eurozone bond becomes more likely. In addition, the announcement made by five central banks, including the Federal Reserve, to boost the liquidity of commercial banks improved investor sentiment. Central banks will provide commercial lenders with three additional trances of dollar loans to help ease funding pressures, the BBC reported. Burberry's gains of 6.22% to reach £14.52 a share boosted the FTSE 100, which climbed 2.34% to reach 5349.11 mid-afternoon. While Randgold Resources was the biggest loser, dropping 1.73% to reach £68.15 per share. The German Dax climbed 3.58% to reach 5531.59 and the French Cac 40 gained just over 4% to reach 3067.57. Meanwhile the price of brent crude oil gained 3% to reach $115.75 per barrel, while gold dropped 1.3% to $1,806 per ounce.

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