Chairman Ben Bernanke tried to reassure markets the Federal Reserve would not step away from supporting a weak economy in his testimony to US Congress yesterday.
Neptune's Felix Wintle has been rotating his portfolio into domestically-focused US equities as he predicts names linked to the consumer will power the economic recovery.
The UK is two years behind the US in terms of economic recovery, a leading fund manager has warned.
A leading member of the US Federal Reserve has tried to calm markets by stressing plans to start tapering its QE programme depend on the economy recovering.
The US economy grew far less than expected in the first quarter of 2012, the latest data has revealed, potentially putting pressure on the Federal Reserve to keep stimulus measures in place for longer.
The Bank for International Settlements (BIS) has warned spiking bond yields across the world threaten trillion of dollars in losses for investors and a fresh crisis for banks unless they are braced for the shock.
J.P. Morgan Asset Management's Clare Hart is taking an underweight position in US consumer staples despite a strong run of performance.
Wall Street rallied at the start of the session today after non-farm payroll numbers from the US beat expectations.