Equities

US GDP growth for the first quarter has been revised down in the second estimate from the Bureau of Economic Analysis (BEA).

Man Group looks set to drop out of the FTSE 100 at the next review in June, to be replaced by engineering group Babcock.

Equities are in the midst of a major global bull market, at a time when investors are significantly underinvested in the asset class, said Skandia Investment Group's Rupert Watson.

The European Commission is considering offering Spain direct aid from the eurozone rescue fund to recapitalise distressed banks, as the country's government bond yields approach record highs.

The Share Centre has ditched T1PS Investment Management's Tom Winnifrith as manager of its two small-cap mandates in favour of former Unicorn founder Peter Webb.

Fidelity's Ian Spreadbury has tipped the yield on a 10-year gilt to dip below 1%, as the safe haven government bond saw yields hit a new low today.

CURRENCIES

The spread between safe haven bond yields and those of peripheral European nations has widened as fears grow over the weakness of the Spanish banking sector.

Spain has seen its plan to recapitalise stricken Bankia by indirectly asking the ECB for cash rejected by the ECB, the FT reports.

Baring Asset Management will this week launch a new product for its head of Asian multi-asset, Khiem Do.