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Healthcare stocks, recovery optimism push FTSE 100 higher By Reuters

By Shivani Kumaresan (Reuters) - London's FTSE 100 rose on Friday, clocking a second straight weekly rise, led by gains in healthcare stocks as investors remained optimistic of a vaccine-led economic recovery even as data showed the UK economy shrank by a record 9.9% last year. The blue-chip FTSE 100 index rose 0.9%, with healthcare and financial stocks, mainly AstraZeneca (NASDAQ:AZN) Plc,...

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Strong tremors shake north India, Pakistan, no major damage By Reuters

By Neha Arora NEW DELHI (Reuters) - Strong tremors were felt in northern India and Pakistan on Friday and many residents ran out of their homes, witnesses said. The U.S Geological Survey put the quake's magnitude at 5.9 and centred 35 km (55 miles) west of Tajikistan in central Asia. Cracks were reported in some homes in northern Kashmir, the Indian Meteorological...

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Dow Trickles Lower, but Remains Near Record Highs as Energy Climbs By Investing.com

By Yasin Ebrahim Investing.com – The Dow struggled for direction Friday, but a rebound in cyclicals like energy and financials from weakness a day earlier kept losses in check as the last wave of earnings continued to trickle through. The Dow Jones Industrial Average fell 0.17%, or 54 points. The S&P 500 was up 0.04%, while the Nasdaq Composite added 0.03%.  Energy clawed...

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U.S. consumer sentiment ebbs in February despite additional stimulus hopes By Reuters

WASHINGTON (Reuters) - U.S. consumer sentiment unexpectedly fell in early February amid growing pessimism about the economy among households with annual incomes below $75,000, even as the government is poised to deliver another round of COVID-19 relief money. The University of Michigan said on Friday its consumer sentiment index slipped to 76.2...

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Stock Funds See Biggest Inflows Ever as BofA Warns Top Is Near By Bloomberg

(Bloomberg) -- Investors poured a record amount of money into equity funds, especially technology stocks, prompting strategists at Bank of America Corp (NYSE:BAC). to warn that the exuberance may precede a correction. Stock funds had inflows of $58 billion in the week through Feb. 10, led by investments into U.S. equities and the tech sector, according to BofA and EPFR Global data. Market...

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.72% By Investing.com

Investing.com – U.K. equities were higher at the close on Friday, as gains in the Pharmaceuticals & Biotech, Chemicals and Oil & Gas Producers sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 gained 0.72%. The biggest gainers of the session on the Investing.com United Kingdom 100 were St. James’s Place PLC (LON:SJP), which rose 3.69%...

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Carlos Ghosn’s accused escape plotters ask U.S. Supreme Court to delay extradition to Japan By Reuters

By Nate Raymond BOSTON (Reuters) - Lawyers for two men accused of helping former Nissan Motor Co Ltd Chairman Carlos Ghosn flee Japan while awaiting trial on financial charges have asked the U.S. Supreme Court to intervene and delay their extradition. Lawyers for U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor, asked the court on an emergency basis...

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COVID-19 in retreat in UK, ‘R’ number below one for first time since July By Reuters

LONDON (Reuters) - The COVID-19 pandemic in Britain is retreating and the reproduction "R" number, which measures transmission rates, has dropped below 1 for the first time since July, adding to hopes that some lockdown restrictions could be eased next month. Estimates published on Friday showed that the COVID-19 "R" number for Britain...

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Fed to Crank Up Stress-Test Pain, Assuming Jobs and Market Doom By Bloomberg

(Bloomberg) -- The Federal Reserve isn’t pulling punches in its latest stress tests, as it plans to subject Wall Street banks to hypothetical scenarios that include a massive spike in unemployment and a tanking stock market. In a Friday statement, the Fed detailed its 2021 scenarios while giving no signs yet that the central...

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G7 finmins discussed support to economies, digital tax, money for IMF – EU By Reuters

BRUSSELS (Reuters) - Financial leaders from the Group of Seven (G7) rich nations discussed on Friday continued support to economies, a minimum level of tax on digital giants and more money for the International Monetary Fund, a senior EU official said. "Very interesting discussion among Finance Ministers and Central Banks. Keep support to economies, work to agree on digital and minimal taxation...

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