United States

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.

FUND MANAGER FOCUS

HEALTHCARE

HAPPY 100th B'DAY FED

LEADER

US FOCUS

ON NORTH AMERICA

Bank of England Governor Mervyn King has thrown his weight behind breaking up the banks as part of reforms to protect the taxpayer from another financial meltdown.

Niall Ferguson knows a thing or two about bubbles, having examined at least eight in The Ascent of Money, his thorough analysis of the financial world.