GDP

The UK Statistics Authority has called for a review into the early release of sensitive economic data after Prime Minister David Cameron appeared to let slip details of Q3 GDP ahead of time.

UK GDP rose by 1% in the third quarter of 2012, bringing the UK out of recession with first positive quarter of growth this year and beating analyst forecasts of a 0.6% rise.

Prime Minister David Cameron has been accused of revealing that tomorrow's GDP figure will meet positive expectations, in an apparent slip-up that could have breached the embargo on the official data.

EMs

The manager of the GAM Star US All Cap Equity fund has overhauled his portfolio in an attempt to boost returns following a period of lacklustre performance and outflows.

The double-dip recession which has plagued the UK for the first half of 2012 should officially end later this week, economists are predicting, as the impact of the Olympics and the Jubilee kick-in.

RUSSIA

China's economy has slowed for the seventh consecutive quarter, recording an expansion of 7.4% in Q3 on the previous year.

Over the last three months, UK bank shares have enjoyed a strong rally, helped by the ECB's and US Federal Reserve's liquidity moves.

US