A record close for the Dow 30 and strong German IFO numbers doesn’t seem to have tempted to many fence sitters in Europe to come back to the table this morning, with European markets broadly flat in a fairly tight range. With the benefit of an extra day to digest Wednesday nights FED minutes, it appears from the overall market reaction that we a none the wiser regarding a taper and that normal service has resumed for now, with US markets continuing to creep into new territory and Europe showing a little more caution to concerns at home. The German economy continues to lead alone from the front with confirmation this morning of 0.3% GDP growth for the quarter and IFO survey numbers that comfortably beat estimates. There was also some cause for cheer from the bond markets as both Spanish and Italian yields retreated. The Italian reaction came after the nation cancelled planned debt auctions claiming a reduction in funding needs, while the Spanish Economy ministry claimed it has now covered 99.4% of its needs for 2013 and may use the years remaining auctions to extend average debt maturity. A strong H1 from brewer Fuller, Smith & Turner has teed up an interim dividend hike of 8%, with todays’ numbers showing an 8% rise in pre-tax profits to £18.1 million. Total beer volumes edged slightly lower for the year but were countered by strong growth from managed Pubs food sales. The stock moved marginally higher in early trade, just short of yesterday’s record highs and up a whopping 27% year to date. Tullow Oil has claimed its Northern Kenyan Agete-1 well has uncovered moveable oil in “good quality sandstone reservoirs”. It marks the 5th oil find in the region for Tullow and paves the way for continued exploration to the north. The find has bumped the stock up this morning but we still have a huge amount of ground to recover having shed around 40% in the last year Essar energy have announced that majority shareholder Essar Global fund ltd will sell sufficient shares for the firm to meet minimum FTSE free float requirements necessary for listing on the UK index series. The firm will only sell enough to meet the minimum requirement as it believes the stock represents “exceptional value”, according to a statement. The combination of the stories has bumped the stock up 5%. CMC Markets is an execution only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.