European markets head for higher open as investors weigh global economic outlook [MSNBC.com]
BANK OF CHINA UNSP/ADR (BACHY)
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Source: MSNBC.com
Krisztian Bocsi | Bloomberg | Getty ImagesLONDON — European markets headed for a higher open on Friday as investors weighed the outlook for the economy and looked to fresh data.The U.K.'sFTSE 100DAXCACFTSE MIBEuropean stocks hadclimbed Thursdaypan-European Stoxx 600Asia-Pacific marketsThose widely continued their climb on Friday, still buoyed by China's announcement of stimulus measures earlier in the week. On Friday, the People's Bank of China said it was cuttingits 7-day reverse repo ratethe reserve requirement ratioMeanwhile in the U.S., attention turned to the release of August's personal consumption expenditures price index which is slated for Friday. The PCE is the Federal Reserve's preferred inflation gauge. Economists are expecting headline PCE to have risen 2.3% on an annual basis and 0.1% from the previous month.U.S. stock futuresBack in Europe, preliminary inflation data for September is expected out of France, and the latest German unemployment data is also due.
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