HSBC's global research team has suggested US economic data is in ‘Death Valley': not weak enough to guarantee more quantitative easing but not strong enough to be self-sustaining.

Threadneedle has named Diane Sobin as co-manager of Cormac Weldon's £358m American Smaller Companies fund.

Threadneedle's Henry Stipp is to take over management of Threadneedle's £742m Emerging Market Bond fund following the departure of Richard House.

Wall Street fell on the opening bell, building on losses seen in European markets today as macro fears dampened sentiment.

Investors are concerned recent sharp moves in Apple's share price are distorting returns for the wider US market, suggesting some indices may have to be rebalanced to lessen the tech giant's dominance.

Franklin Templeton is launching an Africa fund for veteran investor Mark Mobius, making it the latest fund group to test investor appetite for the world's second-largest continent.

Troy Asset Management managers Sebastian Lyon and Francis Brooke have backed bakery chain Greggs to overcome the impact of a change in VAT rules that sparked a political storm last month.

Monetary Policy Committee member Adam Posen's surprise decision to curtail his calls for further quantitative easing in the UK raises questions over the Bank of England's next move.

Franklin Templeton is to close two of its UK OEICs and merge away two others following a review of its UK domiciled fund range.

AXA IM is looking to launch a Universal Inflation Bond fund and an Emerging Market Short Duration fund this year as it extends its fixed income range.