Equities

ON JAPAN

ON THE US

UBS Multi-Asset Income fund manager David Buckle has cut back portfolio weightings to equities and property and moved into corporate bonds and high yield.

Ireland's economy saw a return to growth in Q3, with GDP up 0.5% on the previous quarter.

Skandia Investment Group's chief executive Nils Bolmstrand is stepping down from his role a year after taking the reins from Jamie MacLeod.

Beleaguered BP saw its shares drop 3% to 461p today as the US government revealed it is suing the oil giant for gross negligence over the Gulf of Mexico oil spill, and is seeking $21bn or more in damages.

Germany has refused to give any ground on Europe's rescue machinery despite the escalating political and economic crisis across much of the eurozone periphery, guaranteeing a bitter clash with EU partners at a crucial summit in Brussels today.

The dollar rose against major currencies yesterday following more upbeat US economic data, while the euro took a beating after Moody's placed Spain's ‘Aa1' credit rating on review for a possible downgrade.

THE BIG QUESTION

Templeton's Mark Mobius believes this year will see record inflows into emerging market funds.