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Global markets were mostly becalmed once more as investors continued to sit on the side lines, awaiting a deal on the US 'fiscal cliff'.

Markets followed a gentle upward trend last week, supported by a bigger-than-expected rise in US non-farm payrolls but tempered by signs of increasing acrimony in discussions over the 'fiscal cliff'.

The surprise appointment of Canadian Mark Carney as the new Governor of the Bank of England was one of the few moments of excitement last week.

Readers of Money Pages have, for the third successive year, voted St. James's Place the winner of the 'Best Financial Adviser Award'.

Financial markets put in a good showing last week, in particular equity markets, where investors got themselves back on to the front foot.

There was ‘more of the same’ for investors last week as on-going concerns over the eurozone and the so-called US ‘fiscal cliff’ dominated market sentiment.

News that Barack Obama had secured a second presidential term may have brought cheers to the Democrats, but on Wall Street the reaction from investors was less welcoming.

A mix of increasingly positive global economic news meant financial markets were divided last week.

St. James’s Place plc (“SJP”), the wealth management group, today issues its interim management statement for the three months ended 30 September 2012.

Preliminary figures released by the Office for National Statistics confirmed that the UK economy returned to growth in the third quarter.

Global stock markets got back onto the front foot last week as improving economic data boosted confidence that global growth will pick up in the fourth quarter of 2012.

Investor optimism came under pressure last week despite good news on the US economy where data confirmed steady growth for the world’s largest economy.

Global equity markets enjoyed a powerful rally last week as investors cast aside concerns about the eurozone and focused instead on better-than-expected US jobs data.

Investor sentiment switched last week, as concerns over the euro, China’s slowdown and slow growth from the US came to the fore.

Last week saw investors take a sharp pause for breath on concerns over the prospects for global economic growth.

Last week’s decision by the US Federal Reserve to launch an open-ended effort to spark a recovery in the US significantly reinforced the recent positive mood.

Global financial markets were given a huge shot of adrenalin last week as the ECB announced plans to attempt to secure the future of the euro.

In the absence of any decisive news or announcements last week, investors continued to mull over the economic and political sound bites.

After a period of relative calm, investors have been reminded that the Greek sovereign debt crisis is still very much rumbling on.

Investors may be beginning to think that things might not be quite as bad as initially thought, certainly as far as the eurozone is concerned.