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Europe rallies after Fed chair signals rates are nearing neutral; Deutsche Bank down 3%

Jerome Powell said that he deems the Fed's benchmark interest rate to be close to a neutral level, marking a step away from comments made in recent months. In individual stocks news, Britvic shares rose more than 5 percent after it said its sugarless drinks had boosted sales. European stocks moved higher on Thursday morning, on the back of a key speech by Federal Reserve Chair Jay Powell.