Following six consecutive months of contraction, the eurozone successfully returned to growth in Q2 this year, with GDP increasing at a better-than-expected rate of +0.3% quarter-on-quarter (QoQ).
Multi-asset managers are raising cash levels and adding to government bonds as fears over the US economy spook investors.
The final estimate of UK second quarter GDP has seen growth left unrevised at 0.7%, with the annual rate of growth being revised downwards.
The year-long stock market rally faltered over the summer, its progress derailed by concerns about the Federal Reserve's intentions to tighten monetary policy.
Fiona Harris, client portfolio manager on the J.P. Morgan US Equity Income fund, identifies the ‘sweet spot' for US income investors.