Equities

US markets closed 1% ahead yesterday on a buoyant day for global shares as fears around the European sovereign debt crisis eased.

The trustee trying to recover billions for the victims of Bernard Madoff yesterday sued JPMorgan for $6.4bn, claiming it was 'wilfully blind' to the giant fraud.

ON NORTH AMERICA

BANK SYSTEM STILL FLAWED

EUROPE NEEDS 'SHOCK & AWE'

Andrew Lake of Aviva Investors looks at how high-yield has found its place in the market

Economist Nouriel Roubini, known around the world as Dr Doom for forecasting the credit crisis, says Portugal will be the next European country in line for an Irish-style bailout.

Franklin Templeton plans to move Mark Mobius' £847m China fund into the newly-created IMA China/Greater China sector next year.

On 2 May, members of the euro helped complete a large bailout for Greece. They did so to avoid a rolling crisis moving the problems on from Greece to other Euroland countries.

Investec Asset Management, which runs $5bn of emerging market debt assets, is launching a blended local currency and hard currency EMD strategy.