Markets

The Chancellor is on a collision course with bond markets over plans to change how inflation is calculated.

The final cost to banks of the PPI mis-selling scandal could be as much as £25bn, almost double the figure the banks have estimated so far.

UK interest rates will stay at historic lows for four more years as the economy struggles to return to normal growth levels, Citi has predicted.

The US economy added 155,000 jobs in December, broadly in line with analyst estimates, as the dollar reached a two and a half year high against the yen.

Goldman Sachs Asset Management (GSAM)'s chairman Jim O'Neill outlines five encouraging signs from the global economy and asks whether 2013 will be the year investors ditch fixed income in favour of equities.

GLOBAL GROWTH

Minutes from the latest Federal Reserve meeting suggesting its quantitative easing programme could end sooner than expected have hit equity markets overnight.

Schroders Private Bank has highlighted the three areas of the market it expects to outperform this year, pointing to Japan, UK property, and commodities as potential winners.

EQUITIES

Private bank and wealth manager C. Hoare & Co has shifted its asset allocation focus from the US to Europe for 2013 ahead of an expected boost for the single currency.