Economics

The Nasdaq index suffered its worst day since 2011 yesterday, dropping over 3% as investors continued to switch out of technology and biotechnology holdings.

Dovish Federal Reserve minutes sent US and Asian markets higher overnight, allaying fears the Fed could raise rates earlier than expected.

Lord Myners has announced his shock resignation from the board of the Co-op Group, leaving the mutual in the middle of a review into its future.

The International Monetary Fund (IMF) upgraded its UK GDP forecast and now predicts the country will see stronger growth than any other G7 economy this year.

The UK's FTSE 100 index has fallen another 1% today as concerns over US tech companies and a variety of stock-specific issues hit returns for a second day running.

Changes at the Office for National Statistics (ONS) which will count future pension rights as if they were present income will turn the UK into a nation of savers instantly, the Telegraph reports.

THE BIG QUESTION

INCOME

Mark Carney said UK interest rates could rise before next May's general election if there are continued sustainable improvements in the economy, according to a report.

A fresh record high for US equity markets lifted stocks around the globe overnight, after positive data in the States sent shares soaring.