Equities

Barclays Wealth has warned US markets are set for a correction following a sharp decline in its manufacturing industry.

If bankruptcy is the inability to raise all the money in tax or borrow the money you need to sustain your expenditures from commercial banks and bondholders, then Greece, effectively, went bankrupt last spring.

With many headwinds facing the globe, it is going to be a long and colourful summer for equities markets, says Julian Chillingworth, chief investment officer, Rathbone Unit Trust Management.

MAKE MONEY OUT OF GLASTONBURY

European banks and finance officials are discussing a proposal to replace existing Greek debt with a different type of bond to get around ratings agencies' reservations about a planned rollover, Reuters reports.

IS THERE A NEW DOTCOM BUBBLE?

Oriel Securities has highlighted the top equity based investment trusts yielding more than the FTSE 100, FTSE 250 and Small Cap.

SHOULD GREECE BE ALLOWED TO GO BUST?

The Federal Reserve has scaled down its growth forecast for the US in the face of higher energy costs and weak manufacturing data.

PIMCO's Bill Gross has warned the US authorities are focusing too much on reducing the budget deficit instead of tackling the country's unemployment problem, which could derail the recovery.