Equities

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.

Invesco Perpetual remains positive on the prospects for the Spanish economy despite Moody's hinting it may downgrade the nation's credit rating this morning.

Fidelity's Anthony Bolton has said he expects changes to US listings regulations following concerns over reverse-takeovers and admitted market conditions in China have surprised him.

Inflation in the eurozone dropped 0.2% to 2.5% in July, surprising analysts who had expected the figure to remain unchanged.

Diane Sobin has joined Threadneedle as a fund manager on the US equity desk, following the departure of Andrew Holliman to Polar Capital in May.