Economics

Leading indices across the world closed up at multi-month highs overnight as investors remain in risk-on mode despite the ongoing eurozone crisis.

European stocks advanced this afternoon following the US Federal Reserve's interest rate outlook, with miners driving the FTSE 100 to build on earlier gains.

Schroders' head of global macro Bob Jolly has revealed he is shorting long-dated treasuries and German bunds in the expectation the ongoing economic recovery will reduce demand for safe havens.

Markets are still searching for a "new paradigm" and will not find the answers to the financial crisis in the current cycle, according to Citigroup CEO Vikram Pandit.

Britain is not "walking away" from Europe, but safety measures must be put in place for EU countries that are outside the single currency, said Prime Minister David Cameron.

Gold will remain the best real asset play for investors if central banks continue to print money and risk debasing their currencies, said Ted Scott, director of global strategy at F&C.

Aviva Investors is set to launch two multi-asset funds for Justin Onuekwusi.

Deputy Prime Minister Nick Clegg is to urge the coalition today to "go further and faster" in implementing an increase in the income tax threshold.

The euro needs to see a sharp fall of at least 30%, bringing it into line with the US dollar, or else the eurozone is "doomed", Nouriel Roubini has warned.

ECB'S BAZOOKA HAS HIT THE TARGET