BLOOMBERG Morgan Stanley’s Michael Wilson — among the most prominent bearish voices on US equities — warns the rally in tech stocks that’s exceeded 20% isn’t sustainable and that the sector will return to new lows. The Nasdaq 100 has soared into a bull market as investors fled economically sensitive sectors like banks following the collapse of several US lenders. ...

BLOOMBERG Treasury yields rose on concern a rally in oil prices will keep inflation elevated and put pressure on the Federal Reserve to go on raising interest rates. The two-year US yield rose as much as 11 basis points to 2.73% as crude prices jumped after Opec+ announced a surprise oil production cut. This reignited concern about inflation and led ...

ABU DHABI / WAM The global investment platform, Investopia, has revealed one of the key outcomes of its annual conference held in Abu Dhabi, which is the launch of ‘Smart Clinics’ in the UAE and the wider Middle East region, a new concept in the healthcare sector that focusses on improving life quality and establishing wellness pathways. Technology and precision ...