The S&P 500 climbed to a two-month peak last night, closing at its highest level since early May.
The departure of Halfords CEO David Wild has seemingly cheered investors but analyst sentiment is less clear-cut.
Academic research has found companies recognised as sector or market leaders represent "dismayingly unattractive" prospects for investors over the next decade.
The majority of global equity funds underperformed the market in the first half of 2012, with many managers wrong-footed by the US outperformance.
Resources funds are among the largest losers of the year so far as sharp falls in the price of oil and other commodities took their toll.
Spain's 5-year bond yields hit a new euro-era high at a disappointing auction today as investors cast doubt on the country's ability to repay its debt.
Victims of a £1m boiler room scam are to be paid back a fraction of their losses after the Financial Services Authority (FSA) secured a court order against the fraudsters behind it.
Moody's has downgraded the credit rating of financial services group Close Brothers, pointing to the rapid growth of its loan book and its exposure to the flagging UK economy.
Active managers who use short-term volatility to back their convictions are better placed than ever to prove their worth, according to Simon Brazier, head of UK equities at Threadneedle.
Regulators have turned their attention to at least four of Europe's largest banks in a continued investigation of manipulation of the LIBOR benchmark interest rate.