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Yet to see for a closer look at what's moving those European markets.
Joseph -- head of trading at ETX capital in London joins us now and why are we seeing.
People coming back to equities we saw the sell off yesterday after those statements about this being the blueprint for future bailouts.
There attraction but people don't believe there attraction.
-- I think -- C they have managed -- and the -- in your opinion managed to show they can't deal with a situation.
On this -- real clear par and I think there's some caution.
Caution optimism that the this is not going to be a pretty pretty -- Future bailouts but I don't think anyone really believes this that it -- muted rally just -- on the sidelines to see what happens next.
And when we saw the sell off yesterday what kinds of things might trigger that again today in Europe.
But I think any sign that this is connect iron into.
Further into the southern periphery countries say.
Any movement in Spanish.
Banking flies or any sort of movement.
From the periphery into Germany.
Will cause a big sell off foe Andy any noise in the EU -- -- C page that says this is what they intend to do in the future I think it's a really bad dale.
That they structured my marriage has had a relatively small problem into something that affects the state the stability of the -- your opinion of.
-- some of your peers who we spoke with yesterday said that in -- Spain and -- -- actually the next problem -- France would you agree with -- that the banks in France.
May -- the next hurdle for the ECB.
Well the French banks have overextended themselves fairly significantly they have.
Away from the -- is that they still had -- you have some very large issues.
-- large exposures to Southern Europe so it definitely is a possibility in the trouble is that once from the skies.
It's only left to the German -- -- -- -- the rest of the year opinion in.
I'm with chancellor Merkel coming up for election -- I'll tell you about I don't think she's gonna be making any difficult decisions there's a period of uncertainty ahead.
Joseph Rundle -- DTX capital in London thank you very much today's.
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