Europe

ON THE US

ON AA

Global equity fund managers have been too hesitant in moving to capture the US equity rally, Artemis Global Select manager Simon Edelsten has said.

EQUITY INCOME

FUND MANAGER FOCUS

PIMCO, the world's largest bond fund manager, is telling its clients to diversify out of euros and into EM currencies, according to Reuters.

Markets are still searching for a "new paradigm" and will not find the answers to the financial crisis in the current cycle, according to Citigroup CEO Vikram Pandit.

The euro needs to see a sharp fall of at least 30%, bringing it into line with the US dollar, or else the eurozone is "doomed", Nouriel Roubini has warned.

A brace of broker downgrades released today has knocked London's leading share index off its six-month high.

Carmignac's chairman Edouard Carmignac has warned economic growth could weaken as a direct result of the financial transactions tax if it is given the go-ahead.