Economics

A trio of brokers have raised their forecasts for Henderson after a positive set of interim results convinced them that the FTSE 250 group can excel in future.

J.P. Morgan may admit wrongful conduct over its $6bn 'London Whale' trading loss as it nears a settlement with US and UK authorities, according to reports.

Asian stocks have been given a lift by a broadly positive set of Chinese data as investors look to end the week on a high note.

PIMCO's Bill Gross has likened the recent sell-off in bonds to the "Battle of the Somme", but said the group is well positioned to fight on in future.

The FTSE 100 closed 1.4% down on Wednesday after new Bank of England Governor Mark Carney gave the market forward guidance, but sterling recovered after an initial drop.

The Bank of England has said it will not raise the base rate of interest before unemployment falls to 7%, and warned investors are still expecting rates to rise sooner than is likely.

Asian markets outside Japan fell again as strong growth in the US services sector stoked fears the country will soon begin tapering bond purchases.

Disappointing results have sent HSBC shares down 5% and erased the FTSE 100's early gains on the first day of trading this week.

Bank of England Governor Mark Carney will this week set out his long-awaited strategy for interest rates with a set of policies designed to reassure borrowers rates will stay low for many months to come.

Treasury yields have fallen back towards the 2.6% mark after US jobs figures for July missed expectations.