The Office for National Statistics has proposed a new inflation measure to replace the Consumer Prices Index (CPI) which would include housing costs in the calculation.

The yield on Spanish government debt is racing higher this afternoon despite the move by the European authorities to spend €100bn bailing out the country's banking system.

The Financial Services Authority (FSA) will release its final consultation paper on the platform market before the Olympics begins, Investment Week understands.

Equity markets are stuck in a ‘www. cycle' which cannot end until major headwinds such as the eurozone crisis and countries' debt levels are tackled, according to Cazenove's Julie Dean.

Cofunds is negotiating with asset management firms to renew agreements made years ago which could see groups forced to pay extra lump sums to the platform.

China's move to cut rates should provide a boost for beaten up stock market sentiment in China, said Henderson's Charlie Awdry.

The Bank of England's Monetary Policy Committee (MPC) today resisted calls to expand its quantitative easing programme and cut interest rates, even though the UK is officially back in recession.

UK stock markets are rising this morning after the two-day bank holiday, following gains in Asia and the US, and as hopes grow a further round of quantitative easing will be launched.

The Bank of England is preparing to inject £50bn into the economy to provide a growth boost, and is also contemplating cutting interest rates, amid fears of a global slump.

Fidelity Worldwide Investment's global CIO Dominic Rossi said shares will not begin to re-rate until the long-running bull market in commodities ends.