Christian Boch | Bloomberg | Getty Images
LONDON – European markets opened higher on Friday as investors weighed the economic outlook and focused on new data.
British FTSE 100 Germany was last expected to gain about 4 points, reaching 8,287 points. German DAX Index The French index is expected to rise 47 points to 19,269 points CAC The final set was for an increase of about 26 points to 7,759 points for the Italian team FTSE MIB It is expected to rise 87 points to 34,482 points.
European stock markets were Thursday’s climb,and Pan-European STOXX 600 Index Boosted by gains in the stock market, it closed up 1.25% Asia Pacific market.
Stocks broadly continued to rise on Friday, boosted by stimulus measures announced by China earlier this week. On Friday, the People’s Bank of China said it would cut interest rates 7-day reverse repo rate to 1.5%, the second decline in about three months and a sharp cut deposit reserve ratio The proportion of financial institutions increased by 0.5 percentage points.
Meanwhile, U.S. markets’ attention turns to the August personal consumption expenditures price index, due for release on Friday. PCE is the Fed’s preferred inflation gauge. Economists expect the overall PCE to increase by 2.3% annually and 0.1% quarterly.
US stock futures Not much has changed for the last time before key data is released.
Back in Europe, France is expected to release preliminary inflation data for September, as will Germany’s latest unemployment data.
