EUROPE NEWS
Investment Week | 10 Feb 2012
Owning gilts has made the single largest contribution to recent performance of the £761m Miton Special Situations fund, and there is more money to be made in the asset class, said manager Martin Gray.
Eurozone finance ministers have rejected a reported €3.3bn package of Greek budget cuts, dashing hopes the country will secure more bailout cash and avoid default.
Investment Week | 10 Feb 2012
Equities are likely to post gains in 2012 whatever the outcome of the sovereign debt crisis in Europe, according to Richard Peirson, manager of the £347m AXA Framlington Managed Balanced fund.
Investment Week | 02 Feb 2012
MORE EUROPE NEWS
Barings' multi-asset team has bought £350m in Italian government bonds in the expectation European banks will use the ECB's Long Term Recovery Organisation (LTRO) to buy government debt.
Investment Week | 02 Feb 2012
The euro needs to see a sharp fall of at least 30%, bringing it into line with the US dollar, or else the eurozone is “doomed”, Nouriel Roubini has warned.
Investment Week | 26 Jan 2012
The International Monetary Fund (IMF) has cut forecasts for UK economic growth this year, warning GDP will grow by just 0.6% in 2012.
Investment Week | 24 Jan 2012
Neptune's Rob Burnett has shifted his £946m European Opportunities fund back to a defensive stance in the view pressures in Europe, the US and China will result in 'vulnerable' markets for the rest of Q1.
Investment Week | 18 Jan 2012
Threadneedle has launched a Luxembourg-domiciled European Absolute Alpha fund for pan-European equity manager Paul Doyle.
Investment Week | 18 Jan 2012
The FTSE 100 opened lower this morning despite recent positive economic data, as rumours of a Fitch downgrade of Italy weighed on markets.
Investment Week | 18 Jan 2012
S&P’s latest raft of downgrades were largely priced into markets, but more worrying is its forecast of a high chance of a deep recession in the region, said Schroders’ European economist Azad Zangana.
Investment Week | 17 Jan 2012
The financial crisis engulfing the eurozone took a fresh twist on Friday after Standard & Poor's cut the credit rating on nine eurozone countries, including France's prized AAA, and Greece's debt talks collapsed without agreement.
Investment Week | 14 Jan 2012
Swiss National Bank chairman Philipp Hildebrand will receive a CHF900,000 (£615,000) payoff as he leaves the central bank following a scandal over his wife’s currency trades.
Investment Week | 12 Jan 2012
Ten years on from the introduction of the euro, opinion is divided over whether the troubled single currency can survive another decade, especially in its present form.
Investment Week | 11 Jan 2012
Prime Minister David Cameron has left open the door to Britain giving billions of pounds of new support to the International Monetary Fund (IMF) in a move likely to infuriate eurosceptic MPs in his own Conservative party.
Investment Week | 09 Jan 2012
Spanish banks will be required to find another €50bn in provisions to make up for ‘bad property assets' as the government carries out further reforms on the financial sector.
Investment Week | 05 Jan 2012
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