News

J.P. Morgan Asset Management's (JPMAM) head of UK operations, Campbell Fleming, is joining Threadneedle as head of distribution.

An ounce of gold now costs an all time high of $1,043.77 after a dip in the dollar boosted the attractiveness of metals to investors.

Standard Life has lifted the queuing system for customers wishing to surrender, transfer or switch money out of the company's UK unit-linked life and pension property funds.

Bank of England veteran Peter Westaway is joining Nomura as chief Europe economist.

T. Rowe Price is launching a Luxembourg-domiciled Global Fixed Income Absolute Return fund.

Markets opened to a volatile start this morning after shares made major gains on improvements in the commodities market.

BlackRock's Bob Doll is confident the bull run for US equities will continue despite two consecutive weeks of falls for the country's markets.

The Dow Jones has climbed sharply in early trading this morning on anticipation of a positive start to the US reporting season. At 10.40am, the index was 112.07 points (1.17%) higher to 9711.82.

The manager of Fidelity Multi-Asset Strategic has shrugged off his defensive stance, in the belief that early growth signs in recession-hit world economies will not fade as some analysts suggest.

The FTSE 100 is up 32.83 points (0.65%) at 5057.15 following some volatility in early trading, as Australia's decision to raise interest rates surprises the global markets.