Economics / Markets

The Dow Jones has opened trading in negative territory with yesterday's surge petering out as cautious investors look to keep hold of profits ahead of the long weekend.

David Cameron today set out plans to reinvigorate the country's economy by promoting private enterprise and cutting taxes as he pledged to "re-open Britain for business".

F&C intends to vote against Prudential's proposed acquisition of AIA amid increased investor opposition to the deal.

Jupiter CIO John Chatfeild-Roberts says recent market volatility can offer opportunities for investors, but warns they must protect their capital as much as possible.

Global equity markets rallied yesterday as China denied reports it was reviewing its eurozone investments, with markets on both sides of the Atlantic climbing over 3%.

Swip head of international equities Michael McNaught-Davis believes the possibility of slipping back into a global bear market has increased to 40% in recent weeks.

The Dow Jones has rebounded from yesterday's sharp fall as positive news emanating from China and Spain outweighed disappointing US economic figures.

David Cameron has hinted he is preparing a climb-down on raising capital gains tax (CGT), after the planned move stoked open rebellion from his own party.

Institutional shareholders owning up to 15% of Prudential are preparing to write to the chairman telling him they will oppose the insurer's $35bn takeover of AIA.

Updated 11.20am: The FTSE 100 is up more than 100 points in early trade, despite weaker news from the US overnight with the Dow closing below the 10,000 mark.