European markets were slightly positive in early trading as new Prime Minister Mario Monti prepares to form a new government to lead the stricken country out of its debt crisis.

Manager maintains ‘reasonably upbeat' stance on long-term prospects for US consumers, as housing market shows signs of bottoming out.

Industry leaders have warned the upcoming FATCA regulations from the US are "as big as RDR" and could cost the UK hundreds of millions of pounds.

Defaqto research has revealed a list of the top funds across the IMA sectors for income, which includes offerings from major players as well as from smaller groups.

IT IS NOT ALL ABOUT EUROPE

The Investment Management Association (IMA)'s head of tax Stephen Lynam is retiring after more than 30 years in the industry.

VIDEO: GREEK REFERENDUM

No fund managers will be joining Threadneedle from LVAM following its £8bn outsourcing deal, as revealed by Investment Week earlier this month.

Schroders is set to soft-close its European Alpha Plus fund, managed by Leon Howard-Spink.

Markets opened lower today as investors paused for breath following last week's Europe-led rally.