Economics / Markets

US markets have fallen to three-month lows during trading today as the eurozone worries that resurfaced last week show little sign of subsiding.

FIVE THINGS

Vince Cable has voiced concerns there will be dire consequences for the UK's economy if Greece were to exit the euro and debt contagion spread.

The UK's leading share index has fallen to its lowest level this year, slipping below 5,500, as Greece's continued failure to form a coalition government dampens risk appetite.

Governor of the Bank of England, Sir Mervyn King, will signal on Wednesday that interest rates will remain around their record low until the end of next year at the earliest, the Daily Telegraph reports.

CONDENSED NEWS

The Bank of England's Monetary Policy Committee has resisted calls for further quantitative easing after leaving its programme of stimulus unchanged, with interest rates also kept on hold.

The Queen has unveiled 19 new pieces of legislation in her annual speech to open Parliament, focusing on boosting the UK economy with a raft of business-friendly measures.

The Queen has confirmed the government will introduce legislation to reform public sector pensions, changing the schemes from final salary set ups to career average arrangements.

The platform market recovered momentum in Q1 with assets under administration (AUM) growing nearly 10% on the back of rising stock markets, research has found.