Investment guru Warren Buffett has ruled out a double dip recession in the US and says the businesses owned by his Berkshire Hathaway vehicle are expanding.
Legg Mason affiliate ClearBridge Advisors believes the case for investing in US medium and large-cap companies is the best in more than 50 years.
Modest improvements in economic indicators suggest equities could have hit their nadir, says Bob Doll, BlackRock's vice chairman and chief equity strategist for fundamental equities.
Federal Reserve Chairman Ben Bernanke has testified the central bank had no option but to let Lehman Brothers fail despite knowing it would have "catastrophic" aftershocks.
Nouriel Roubini, the economist dubbed ‘Dr Doom' for predicting the US housing crash, believes the dollar, yen and Swiss franc may be better investments than gold if the global economy suffers a double dip.
In the US, trading volumes fell ahead of key job market data to be released later today.
America's wave of new financial regulation is likely to prompt the country's biggest financial institutions to break themselves up, according to the chairman of the Federal Reserve.