Economics

Jim Rogers has welcomed last night's eurozone deal, saying the size of the haircut for Greek bondholders was much higher than he had expected.

Multi-asset veteran David Jane is running a bias towards gold and index-linked bonds following the resolution to the eurozone debt crisis, warning the move by EU leaders will stoke inflation.

GROWTH FEARS

UK banking stocks drove this morning's FTSE 100 rally, with Barclays, RBS and Lloyds all surging roughly 6% on the news a eurozone debt deal has been reached.

Reaction to news European leaders have struck a deal to ease the region's debt crisis has been mixed...

Royal Dutch Shell beat forecasts from analysts today after profits doubled to $6.98bn in the third quarter.

Markets in Asia and the US soared overnight after leaders in Europe agreed a three-pronged deal to tackle the debt crisis.

European countries have agreed a deal to resolve the region's debt crisis which will include Greek bond holders taking a 50% haircut and see the eurozone bailout fund increased in size.

Prime Minister David Cameron has warned that bankers caught manipulating the market to take advantage of QE can expect to face criminal prosecution.

Today's announcement star manager Ian Henderson will be stepping down from J.P. Morgan's £2bn Natural Resources fund has led some wealth managers to consider alternative funds.