Economics

The US economy is at risk of being drawn into another recession next year because of contagion from Europe and inaction from policymakers, Schroders' Wes Sparks has warned.

BNY Mellon subsidiary Alcentra is set to launch the Alcentra European Floating Rate Income fund early next year.

Energy stocks could see up to 50% upside over the next three years, according to Guinness Asset Management's Tim Guinness, supported by the high price of oil.

Aberdeen's emerging market debt team has warned against investing in Turkish local currency government debt after yields spiked to record highs.

The Bank of England has today warned UK banks they must consider raising more capital in the next few months to cope with the "exceptionally threatening" environment.

Global stock markets rallied hard yesterday on news of co-ordinated action by major central banks to improve liquidity, but analysts are divided over whether it will lift markets further in December.

Brazil has joined central banks across the world in easing monetary policy after it slashed interest rates by 0.5%.

The European Union's economic affairs commissioner has warned leaders they have just ten days to save the euro.

Investec has launched a multi-asset fund for Philip Saunders and John Stopford which aims to provide a one-stop-shop solution for investors wanting emerging markets exposure.

The Dow Jones Industrial Average rose by almost 500 points overnight as US indices jumped following news of co-ordinated central bank action to ease liquidity concerns.