Equities

The ABI has warned Europe's biggest banks they could face a debt buyers' strike, amid an increasingly bitter feud over controversial changes to their bonds.

The Federal Reserve plans to stress test six major US banks against market shocks, as part of an annual review of bank health.

Hungary has asked the International Monetary Fund (IMF) and the European Union (EU) for financial aid as its debt pile grows and its currency weakens.

Last week Italian ten-year bond yields surged to above 7%, but managers are urging investors to be cautious

ON THE US

EMERGING MARKETS

Cazenove is planning to launch a European equity income fund for head of pan-European equities Chris Rice next year, as well as expand its bond fund range with a new portfolio for Peter Harvey.

ON EUROPE

ON JAPAN

Fixed income specialist says Portugal will soon be exposed as most unstable region.