US

US GDP growth for the first quarter has been revised down in the second estimate from the Bureau of Economic Analysis (BEA).

The latest sale of index-linked 50-year gilts was completed in record time today, as investors snapped up £4bn worth of debt.

CONTRARIAN INVESTOR

FMF

STRATEGY

Opting for either austerity or growth in the UK will not be enough to tackle the real structural problems facing the country, according to a leading economist.

ABSOLUTE RETURNS

Derwent Capital has closed down its Twitter-based hedge fund after just a month of trading, and is now set to offer its sentiment-based technology to day traders instead.

RISK

Slowing industrial production is the largest headwind facing Northern Europe in the near term, according to Newton's bond manager Paul Brain.