Markets

The Dow Jones was up 50.03 points (0.57%) at 8898.18 this afternoon, following a volatile start to trading as US Federal Reserve chairman Ben Bernanke forecast unemployment would remain high into 2011.

On Wall Street, the Dow Jones followed gains in stock markets across Europe.

The market lows of early March were followed by a swift turnaround in risk appetite, fuelling a sharp rally in equity and credit markets in April and May, ahead of some profit taking in June.

There have been two events within the multi-manager sector of the market occurring in the last two weeks - both quite different in nature - that are equally important and point a way forward for advisers.

The Dow Jones slipped in early trading on Thursday after posting some of the biggest gains of the year just 24 hours earlier.

Rathbones Unit Trust Management CIO Julian Chillingworth and S&P global equity strategist Alec Young debate the outlook for the global economy

Bric economies have enjoyed a strong rebound since markets started to recover, but for markets to move decisively upwards from current levels, we will need more evidence of bottoming out of developed world economic data and for upwards revisions to start...

Having spent the past six weeks trading in a tight range of 100 points around 4,400, the UK FTSE 100 has recently fallen back to its end of April levels.

Equity markets stabilised in March and rallies witnessed since have reflected investors' belief the combined actions of Western central banks and governments have prevented a horrendous collapse in the global banking and credit systems.

The Dow Jones is up 100.99 points or 1.19% to 8,575.84 in morning trading, buoyed by capital raising ...