Legg Mason's heavyweight managers are uber-bulls on the US corporate sector across the market cap spectrum, with Chuck Royce predicting a rebound in small caps and Bill Miller seeing a return to form with his large-cap holdings.
The US government needs to make a decision on whether to raise its debt limit to fend off rating agencies in the light of Japan's downgrade, according to OMAM's head of fixed income Stewart Cowley.
The Irish Republic is poised to unveil the details of a severe austerity budget later, part of a deal to secure an €85bn bail-out from the European Union and International Monetary Fund.
Cazenove's Richard Jeffrey examines the key differences between the US and UK markets.