Lawrence Gosling with Hollie Briggs of Loomis, Sayles & Company
Lawrence Gosling with Daniel Nicholas of Harris Associates
A hawkish statement from the Federal Reserve has been perceived by markets as another step towards an interest rate rise, although it is unlikely to come before April 2015.
Shares in Royal Mail fell by more than 8% after the company reported a fall in profits amid rising fears over competition from online retailers.
Japanese equities tumbled last night after a second day of market volatility, but the move in Asia failed to drag UK markets lower this morning as traders drew a line in the sand following savage falls over the past week.
The Bank of International Settlements (BIS) has warned of a potentially 'violent' market crash as financial markets are dangerously stretched.
The amount of private wealth held by households rose by 14% last year, fuelled by rising stock markets.
The FTSE 100 opened above 6,700 on Friday as a pick-up in Chinese manufacturing data boosted mining stocks.
The FTSE 100 continued to recover today as banks lifted the index higher on signs that some of the instability in Europe is coming to an end.
Cyprus' plan for an unprecedented 10% tax on savers has been dubbed a "monumental error of judgement" by one commentator, but it does leave some assets looking attractive.