US bank stress tests last week have boosted the outlook for the global banking sector, said John Yakas, manager of the Polar Capital Financial Opportunities fund, who urged investors not to miss the rally.

Money printing by developed world central banks is the equivalent of throwing gasoline on a fire and could damage the global economy in the long term, said Legg Mason's David Nadel.

Pictet Asset Management is to launch a flexible, multi-asset fund designed to perform in all market conditions

Eurozone finance ministers could potentially raise the combined lending power of its bailout funds from €500bn to near €700bn.

UK stocks will climb 10% over the next few months, said Colin McLean, managing director of SVM Asset Management, with industrials and financials set for the strongest rally.

Rathbones' Income fund manager Carl Stick has ramped up the cash in his fund to its highest level for 10 years, warning the UK market is at risk of a correction.

Fidelity landed two awards and First State Investments gained its fourth consecutive win at the 2012 Lipper Fund Awards last night.

Shares across Europe rose in morning trading as the eurozone's decision to back a second €130bn (£109bn) bailout boosted hopes for an economic recovery.

Former Schroders head of derivatives Darren Cannon has joined Martin Currie as chief operating officer, reporting to chief executive Willie Watt (pictured).

Greek bonds issued following Friday's €206bn debt exchange are trading at distressed levels, suggesting the deal has failed to reassure investors.