US

The S&P reached a further record high at closing yesterday, as disappointing economic data coming out of the US alleviated fears of an interest rate rise in the near future.

Fund managers give their views on the key issues impacting global asset classes and outline how they are positioning portfolios.

Investors have been told to brace themselves for a "painful" adjustment as the money taps pumping liquidity into global markets are turned of in the US and interest rates raised.

The US Nasdaq index has closed above its dotcom boom record for the first time in 15 years.

A UK financial trader has been arrested over claims by the US that he helped cause the 2010 Wall Street "flash crash".

Mixed fortunes flummox investors in Sterling Strategic Bonds

Ian Aylward has cut Aviva Investors' multi-manager exposure to US equities to an underweight position for the first time since 2011, fearing the stocks are deeply over valued.

The global economy is set to grow slower this year and next, according to the International Monetary Fund (IMF).

The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery.

As the US Federal Reserve finally turns off the money printing presses, veteran investor Bill Gross has warned the global economy cannot survive without the support of quantitative easing.