ECB

A week of dramatic FX moves has highlighted the importance of currency positioning for global equity fund managers and fund buyers, as they try to cushion portfolios against the impact of multi-speed central bank policies.

Hedge fund Everest Capital has closed its largest fund after sustaining heavy losses on the Swiss franc's dramatic move last week.

Jean Maigrot, manager of the long/short Newsmith European fund, has warned investors of the damaging long-term impact on the eurozone of a potential Greek exit, while expressing concerns the ‘Draghi put' may not be substantial enough to be properly effective....

Marcus Brookes, head of multi-manager at Schroders, has become more bullish on US stocks, as he expects falling oil prices to boost the jobs market still further.

The euro tumbled more than 25% against the Swiss franc on Thursday, triggering volatility in stocks, bonds and other currencies, after the Swiss central bank abandoned the currency "ceiling" introduced in 2011.

The eurozone slid into deflationary territory in December for the first time in five years, according to preliminary figures released today.

The euro has continued to fall in overnight trading as a stronger dollar and expectations of full-blown quantitative easing weigh on the single currency

Conventional monetary policy is "exhausted" and the key challenge for policymakers next year will be stimulating growth, says Threadneedle's Mark Burgess.

Many of the headwinds faced by Europe over the past year are now starting to fade, says Invesco Perpetual's Stephanie Butcher.

Bill O'Neill, head of investment office UK at UBS Wealth Management, shares his views on where the risks lie in markets in the coming year.