Talks in Washington aimed at cutting the level of US government debt are on the verge of failure, the BBC understands.
Positive economic data from Japan, US and China boosts fund manager's confidence in the global economy
This has not been a good year for President Obama. His opinion poll ratings have fallen as worries about entrenched unemployment have risen.
Neptune US Income fund manager targets yield of 3.5%-4% per annum.
Threadneedle's Cormac Weldon has rotated out of cyclical names in favour of defensives in his £1.2bn American Select fund, as companies struggle against a muted outlook for the US economy.