Credit rating agency Moody's has downgraded Japan's sovereign debt rating by one notch, saying weak political leadership has hampered growth.
Invesco's chief international economist John Greenwood said Chinese inflation is set to remain in the 4% to 6% range unless the authorities move to tighten policy.
Spain has put in place a public sector borrowing cap in an effort to tackle its debt burden, following calls from peers in Europe to take action.
‘Comforting' economic fundamentals and cheap valuations spur Emerging Markets manager to increase China weighting.
Standard Life Investments' Jonathan Gibbs has closed short positions in Italian and Spanish government debt following intervention from the European authorities.
US hedge fund giants looked to technology stocks in the second quarter but some big names have been left nursing heavy losses after moving back into US financials ahead of the market crash.
European investors who pumped billions into high-yield bonds in first half of 2011 could see asset class faced with rising default rates.