US

Negative market sentiment should not deter investors in US banks, said Ryan Brist, head of US investment grade credit at Legg Mason subsidiary Western Asset Management.

The US economy is at risk of being drawn into another recession next year because of contagion from Europe and inaction from policymakers, Schroders' Wes Sparks has warned.

AMR Corp, the parent company of American Airlines, has filed for bankruptcy after it failed to cut costs via new contracts with workers.

Investors should ready themselves for a stronger gold price correction, said investment veteran Jim Rogers.

The Federal Reserve gave out $1.2trn in loans to US banks secretly in 2008, Federal documents have revealed.

Fitch has become the third ratings agency to downgrade the outlook for the US, from stable to negative, following a congressional committee's failure to finalise deficit cuts.

US markets have opened 3% higher as investors pin their hopes on the latest promise of eurozone action in the shape of tighter budgetary controls.

Smith & Williamson's Tana Focke and Robert Royle have increased exposure to domestic earnings on the North American Trust after a recent US visit revealed growing optimism in the corporate sector.

The cost of insuring against a default by Bank of America reached a new high yesterday as investors' fears over US exposure to the European debt crisis deepened.

The US Federal Open Market Committee(FOMC) is remaining cautious over the country's economic outlook, despite recent positive data buoying investor sentiment.