Equities

GERMANY SHOULD EXIT EURO

PIMCO's Bill Gross has slammed US policymakers for their failure to make a significant dent in the country's $1.5trn deficit, despite reaching an accord on the debt ceiling.

European and Asian stock markets declined sharply in Wednesday trading, mirroring overnight falls in New York, on concerns the US recovery is faltering.

Liontrust is set to acquire the fund management business of Occam, including its emerging markets and Asia teams in a £3.9m deal.

Goldman Sachs' Nicholette MacDonald-Brown has joined Schroders as a fund manager on the European equities team.

Liontrust's James Inglis-Jones has bought into Continental Europe in his £341m Income fund for the first time since taking it over from Jeremy Lang and William Pattisson in 2009.

President Barack Obama has announced a deal to end the US debt crisis, which will raise the nation's debt ceiling by at least $2.1trn and cut the federal deficit by as much as $2.5trn over a decade.

It is August, and another football season will soon be upon us. Spare a moment, however, for those football managers who will not make it to the end of the season.

US investors sheltering in cash as politicians grapple with the debt crisis are set to reinvest during a short-term correction they said could see equities sell off as much as 10%.

GAM has expanded its range with the launch of a UCITS III emerging market equities fund.