Equities

FUND MANAGER FOCUS

Invesco Perpetual's Paul Boyne believes investors are wrong to use price/earnings multiples to value equity markets.

EMERGING MARKETS

The US Treasury could announce plans to return independence to insurance giant AIG as early as this week.

Mark Mobius has labelled the world record $70bn Petrobras rights issue an "abomination" and believes it could signal the globe is entering an IPO bubble.

EUROPE

UK EQUITIES

CONJECTURE

Brazilian state oil company Petrobras has raised $70bn (£45bn) yesterday in the world's largest ever share offer.

Japan's central bank is believed to have intervened for the second time in a week to combat the rising yen.