BP will not pay dividends for the remainder of the year after being forced to put $20bn (£13.5bn) into a compensation fund for victims of the Gulf of Mexico oil spill.
The US Senate passed legislation last night toughening regulation of the financial sector.
Felix Wintle has made some strong sector shifts in his Neptune US Opportunities fund over the past two weeks, after admitting he has been too bearish on the American economy.
Britain's gross domestic product is expected to have expanded 0.4% in the first quarter of 2010, according to a survey of City economists.
Historic decision is expected to improve the prospects for many US biotech and pharmaceutical companies
Fund managers have hailed the approval of a landmark healthcare reform bill in the US as a significant step in removing the uncertainty that has plagued the sector for the past two years.
Wheb's Nicola Donnelly has halved her fund's exposure to sterling because of the UK's uncertain economic outlook.
If the US - the world's importer of last resort - is going on an export drive, the implications for Asia may be profound, writes Aberdeen's Hugh Young.