Equities

Eurozone leaders' failure to call for ECB intervention on the continent's debt crisis at a press conference yesterday caused the euro to fall to a seven week low against the dollar.

The search for income has become increasingly difficult in a world of slashed dividends and low interest rates. However, Gary Potter, co-manager of the Thames River multi-manager range, has been looking for alternative sources of income less correlated...

Newton's Simon Laing has joined Invesco Perpetual as head of US equity fund management.

Fund managers in the US equity income space are favouring stocks in the consumer sector despite slower consumer spending seen in the past month.

US equity valuations are at a 40-year low and represent an excellent opportunity for investors in the medium term, according to Jerome Nunan at Aviva Investors.

Smith & Williamson's Tana Focke and Robert Royle have increased exposure to domestic earnings on the North American Trust after a recent US visit revealed growing optimism in the corporate sector.

A dire German bond auction rocked markets overnight, with Japan's Nikkei index hitting its lowest level since April 2009 as fears deepened over the eurozone crisis.

The cost of insuring against a default by Bank of America reached a new high yesterday as investors' fears over US exposure to the European debt crisis deepened.

EUROPE ON THE BRINK

The US supercommittee's failure to agree a debt reduction plan means the country faces a second rating downgrade by the year end, an economist has warned.