US

Manufacturing has begun to contract in the US and China for the first time since the Lehman crisis, raising fears of a synchronized downturn in the world's two largest economies.

Source launches first US energy ETF offering diversified exposure to Master Limited Parternships (MLPs) to European investors.

The US Internal Revenue Service (IRS) has turned its sights on the Caribbean as part of its commitment to global enforcement in order to stop the use of foreign bank accounts to evade US taxes.

Investor complacency and a "feeding frenzy" for yield represent the biggest current threats to investors, according to David Coombs, head of multi-manager investments at Rathbones.

Marcus Brookes, head of multi-manager at Cazenove, is backing Europe over the US despite the region's problems.

F&C's co-head of multi-manager Gary Potter - a self confessed bear on Japan for many years - said the country is turning around for the first time in two decades.

Fourpoints Investment Managers has launched a Sicav out of Luxembourg which will replicate the Fourpoints America Fund.

US EQUITIES

Stocks have room to rise, investors need to diversify across fixed income and seek yield globally and emerging markets deserve another look, is the advice to investors from J.P. Morgan Asset Management.

The US' three major equity markets dropped overnight after a bomb blast at the Boston Marathon shook markets and weak data from China continued to weigh on stocks.