Japan has intervened to weaken the yen for the second time in three months after the currency hit a fresh record high against the dollar.

EUROZONE DEBT DEAL

Multi-asset veteran David Jane is running a bias towards gold and index-linked bonds following the resolution to the eurozone debt crisis, warning the move by EU leaders will stoke inflation.

Prime Minister David Cameron has warned that bankers caught manipulating the market to take advantage of QE can expect to face criminal prosecution.

US markets opened lower today as investors remained cautious on tomorrow's European summit aimed at solving the sovereign debt crisis.

BP saw profits soar in the third quarter as it prepares to sell off a further $15bn worth of assets, and the CEO pledges to boost the oil major's dividend and increase share buybacks.

Investec's Jacob Robbins has joined Premier Asset Management as lead manager of the Premier Global Alpha Growth fund.

The US is set to see another ratings agency strip it of its AAA-credit rating by the end of the year, Bank of America Merrill Lynch has predicted.

Leading banks are at odds with European policymakers after lenders offered to take a haircut of 40% on their Greek bonds, but leaders said the proposals do not go far enough.

Guy Morrell is head of multi-manager at HSBC, part of a team that runs $18bn of assets worldwide, and also manages the £41m HSBC Open Global Property fund.