Italian Union Calls Strike Over Monti Job Reforms

2:00 AM ET Thu, 22 March 2012

Thanos Papasavvas, fixed income & currencies strategist at Investec Asset Management, told CNBC, "we have been cautiously optimistic, clearly the underlying data from the beginning of the year was a little bit better than the doom and gloom that the market started to assess following the European debacle, we think the underlying story is still strong."