US economic growth should hold up even as quantitative tightening continues to take its toll in emerging markets, Europe grapples with ongoing structural issues and the UK is hamstrung by Brexit, according to Talib Sheikh, manager of the Jupiter Flexible Income Fund. “In these tricky conditions, flexibility and having options are key to managing risk, he added.

Fed Chairman Powell reiterated the FOMC's view of the economy as unusually favorable; Argentina has made some gains, courtesy of the IMF; Italy's latest budget is still a work in progress.

Aviva Investors, the global asset management business of Aviva plc (‘Aviva'), announces the appointment of Susan Schmidt as Head of US Equities, expanding its geographical footprint in the asset class after nine hires to its UK, Global and Emerging Market equities teams in July.

Italy's announcement of a tentative budget deficit goal of 2.4% of GDP over 2019-2021 could compound the country's existing debt sustainability challenges. This represents a significant risk to Italy's A-/Negative Outlook ratings.

InfraVia announces the completion of the acquisition of Mater Private hospital group on 31st July 2018 following receipt of the necessary regulatory approvals. Mater Private is the first investment of InfraVia's fourth infrastructure fund.