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US futures, European stocks rise as traders eye peak rates

BLOOMBERG US equity futures climbed on investor bets that a peak in interest rates is near and bank turmoil will ease further. European stocks rose and the dollar declined in the risk-on mood. S&P 500 contracts and those on the tech-heavy Nasdaq 100 advanced at least 0.5% after an earlier rally that pushed the latter into a bull market. Retail ...

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Tech set for one of its best quarters, thanks to Federal Reserve

BLOOMBERG The Nasdaq 100 is heading for its second-best quarter in a decade  — and it has the Federal Reserve’s recent largess to thank for its gains. The tech gauge soared 17% in the first quarter, buoyed by the Fed’s loosening of its balance sheet after Silicon Valley Bank’s (SVB) collapse earlier this month led to worries about monetary conditions ...

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CEOs possess poor view of Britain, says pharma lobby head

BLOOMBERG Britain’s ambition to become a “science superpower” will fail unless the government reverses the country’s reputation as a poor place to invest, the head of the UK’s biggest pharmaceutical lobby group has warned. “I’m very concerned about the sentiment towards the UK among global leadership right now,” Richard Torbett, chief executive officer of the Association of the British Pharmaceutical ...

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