Economics

Legg Mason's £562m bond fund manager has overhauled his high yield exposure on eurozone fears, selling out of the secondary market and turning to primary issuance.

Worse than expected UK trade deficit data for February suggests net trade will have been a drag on GDP growth in the first quarter, according to Capital Economics.

Reports of a 'light sheen' of oil found near production sites in the Gulf of Mexico sent shares in the UK oil majors lower this morning.

George Soros has said Germany's central bank must recognise its policies may be increasing the threat of a deflationary debt trap in the eurozone.

The US Attorney General has filed a civil antitrust action against Apple and a number of publishers accusing them of colluding to sell e-books for higher prices.

India's main index suffered a sell-off this morning after an earthquake registering 8.7 on the Richter scale struck off the coast of nearby Indonesia.

Jonathan Ruffer, founder and director of boutique investment house Ruffer, has stepped back from direct involvement in the fund management within the firm.

Yields on tranches of German debt fell below the amount paid by Japan for the first time ever mid-afternoon, as investors considered the likelihood of another round of stimulus in Europe.

BlackRock's Bob Doll has warned equities look due a correction in the near term, but said any sell-off would likely be short-lived, with the global outlook little changed by recent events.

The FTSE 100 has dropped 0.8% this morning as investors get their first opportunity to act on a disappointing US jobs report on Friday.