News

US stocks climbed overnight on upbeat economic data and a successful Spanish bond auction, lifting investor hopes of the fabled year-end 'Santa Claus rally'.

US markets have surged this afternoon after unexpected positive German data and a drop in Spanish borrowing costs provided some respite from the ongoing eurozone debt crisis.

Invesco Perpetual's Paul Causer and Paul Read have admitted banking exposure has hurt the performance of their £334m Tactical Bond fund, but are sticking with the positions.

Martin Currie has made its Global Emerging Markets (GEM) Sicav available to UK retail investors.

Investors showed renewed confidence in Spain today, as a government bond auction saw excessive demand.

Hugh Hendry's Eclectica Asset Management has reported a 41% upswing in operating profits over its last financial year.

John Eisinger, manager of the top- performing £507m Janus US All Cap Growth fund, has upped his weighting to mid-cap technology companies but is avoiding some of the sector's giants.

VALUE WILL BE BACK

Around 10% of Hungary's local bond market is owned by Franklin Templeton Investments, according to reports.

The Treasury Committee is to carry out an inquiry into credit rating agencies, assessing their transparency and whether they have become too powerful.