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Europe seen higher following global rebound

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European equities are expected to open to higher Friday following a positive lead from U.S. and Asia markets.

European stocks are set to follow global counterparts Friday. Asian equities came off the day's highs by late-morning trade, after staging a rally earlier on in the session following an impressive lead from Wall Street.

Major U.S. averages rallied more than 1 percent overnight, thanks to a jump in financials and soft economic data, specifically consumer price index (CPI) data, which bolstered the case for a delay in the rise of U.S. interest rates.

Investors around the world are also looking ahead to third quarter gross domestic product (GDP) data from China on Monday. The data are expected to show a continued deterioration in the world's second largest economy.

 

Source:CNBC


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