Markets edge forward despite fears over Spain

Stock markets reclaimed some ground but the euro fell on speculation Spain could move toward a debt rescue and the ECB would launch a new bond-buying plan.

Talk that the China Securities Regulatory Commission would announce steps to support beleaguered domestic markets was also positive for relatively risky investments..

Eurozone worries have roared back into focus over the last week as the feelgood factor of recent ECB stimulus has given way to renewed uncertainty over Spain’s willingness to submit to a politically painful rescue programme. Spain unveiled a tough budget programme last night