Economics

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

Eurozone inflation fell to 0.5% in March, down from 0.7% in February, according to preliminary estimates, putting further pressure on European Central Bank chief Mario Draghi.

Charles Stanley has appointed Anthony Scott as head of investment management.

Invesco Perpetual has confirmed Mark Barnett's High Income fund is to exit the UK Equity Income sector at the end of the month, with two other income funds likely to follow suit.

The second reading of UK economic growth in the last quarter of 2013 remained unrevised, but the current account deficit came in much higher than expected, official data has revealed.

Neil Veitch, manager of the SVM UK Opportunities fund, evaluates the strength of the economic recovery in the UK and highlights some areas of concern.

Shares in Lloyds Banking Group fell more than 5% this morning after the government sold another 7.8% of its stake in the bank last night.

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