Economics

Neptune's Rob Burnett has outlined three potential positives for the eurozone as the region struggles through the latest phase of its debt crisis.

Sterling has fallen against the dollar today after a dovish quarterly inflation report from the Bank of England cut growth forecasts and left the door open to further QE.

An admission by the head of the International Monetary Fund (IMF) that Greece may have to exit the eurozone caused further selling in London today, with shares falling to yet another multi-month low.

Edouard Carmignac said his group is firmly in the China soft landing camp, but has hedged large chunks of its €50bn portfolios against short-term risks.

The UK's unemployment rate showed a surprise fall from 8.3% to 8.2% in the first quarter, according to the latest figures from the Office for National Statistics.

Liontrust has rebranded the three funds it brought from Walker Crips, run by Steve Bailey and Jan Luthman.

BNY Mellon's subsidiary Insight Investment has launched a UCITS IV version of its institutional absolute return bond fund, while fixed income subsidiary Standish Investment Management will bring an EM debt fund to the retail market in June.

US stocks slumped overnight, pressuring the Dow Jones Industrial Average near to a four-month low, as political concerns in Greece continued to cloud the outlook for the global economy.

Markets across Europe suffered more losses this afternoon after Greece reportedly confirmed it has failed to form a coalition government.

BlackRock's head of European equities Nigel Bolton has said Greece should never have been granted membership to the eurozone because of its weak economy, and warned it must leave as soon as possible.