Major UK financials were in the doldrums today, with both Royal Bank of Scotland and Standard Life sharply lower in early trading following updates from the businesses.
UK equities dipped this morning after closing at a 14-year high yesterday, with falls in commodity markets hitting miners.
The FTSE 100 reached a 14-year high yesterday while the S&P 500 hit a new record level, lifted by M&A activity.
AXA Framlington UK Mid Cap manager Chris St John has said now is a "good time to be cynical" as signs emerge of increasingly bullish activity in markets.
Neil Woodford is to use a three-week offer period to launch a new UK equity income fund when he joins Oakley Capital this May.
Barclays has said it intends to cut up to 12,000 jobs this year, including 7,000 in the UK, as it reveals it has upped its staff bonus pool despite a drop in profits.
Multi-asset managers have been hiking their cash weightings after a rocky start to the year for global equity markets.
Impending US employment data expected to show a further improvement in the country's economy sparked gains for equity indices around the globe overnight.