News

The FTSE 100 dipped in early trading after a muted session for markets overnight, as investors await news on quantitative easing in the US and the UK, and as the European Union's Greek bailout talks continued.

Schroders head of Asia ex-Japan equities, Robin Parbrook, said returns from China have been 'miserable' for the last two decades, and warned the country still faces major challenges.

The UK economy has been dealt a fresh blow from the International Monetary Fund after it cut its growth forecast for this year and next and warned a lack of growth could derail the chancellor's austerity drive.

WHY EM DEBT COULD BE NEXT BIG SHORT

Noel O'Halloran, head of the team that manages the Insynergy New World Equity Income fund, is anticipating interest rate cuts in major emerging markets as the economic cycle begins to turn.

F&C's head of European equities Paras Anand is to join Fidelity, Investment Week can reveal.

F&C's European manager Paras Anand is set to exit the firm at the end of the year.

London markets made gains this morning despite S&P's move to downgrade Italy's sovereign debt rating from A+ to A, with shares recovering some ground lost on Monday.

Asian indices responded to the move by Standard & Poor's to downgrade Italy by falling overnight.

US president Barack Obama has said the wealthy and corporations should pay their "fair share" to cut the country's deficit after proposing a tax for the super rich.