America's wave of new financial regulation is likely to prompt the country's biggest financial institutions to break themselves up, according to the chairman of the Federal Reserve.
Leading fund managers have staked their reputations, and their clients' money, on a sustained UK economic recovery by adding to equities and cutting their bond holdings in the past month.
Markets reacted positively to the news the US had not slowed to the 1.4% expected in the second quarter.
The US economy will continue to see challenges until unemployment improves, according to Cavendish's Tim Roberts, who says he still cannot rule out a double-dip recession.
During our meetings with clients and prospects in mid-June, we expressed the view that the spring market correction - driven mainly by global macro concerns - would shift to a more positive tone as the US earnings reporting season for the second quarter...