News

JPM's Neil Gregson has called the bottom of the market for gold mining stocks, especially small caps, tipping them to pick up against bullion as investors look to add risk to their portfolios.

Moody's downgrade of Japan's credit rating last week came as no shock to markets, while economists warned the appreciation of the yen is a more crucial issue for the country.

Federal Reserve chairman Ben Bernanke said the Federal Reserve will not take any immediate action to boost the US economy, but said he will employ tools "as appropriate".

Janus Capital's John Eisinger is doubling his exposure to value stocks although they have dragged on performance, as he said more QE would not be enough to rescue US growth prospects.

US markets have moved lower in the immediate aftermath of Ben Bernanke's Jackson Hole speech after the Fed chairman made no firm commitment to further stimulus.

Proposals to ring-fence UK-based banks could dent profits by up to 15% within three years, according to Morgan Stanley research, the Telegraph has reported.

The US Commerce Department has said US GDP rose at an annualised rate of 1% in the second quarter, down from an earlier estimate of 1.3%.

The FTSE opened more than 40 points lower on Friday as US Federal Reserve chairman Ben Bernanke gears up to deliver a key speech on the ailing US economy.

The US is in much worse shape than Japan and could face three to four decades of slow-growth, Jim Rogers told the BBC today.

Legal & General Investment Management has hired Martin Reeves from AllianceBernstein to replace David North as manager of its £1.9bn High Income trust.