European markets open higher as French inflation eases [MSNBC.com]
BANK OF CHINA UNSP/ADR (BACHY)
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Source: MSNBC.com
PreliminarydataInseeFrance's CAC 40 index was last 0.29% higher at 8:20 a.m. London time.European stocks had closed 1.25% higher on Thursday, tracking gains inAsia-Pacific marketsChinese markets are on course for their best week in almost 16 years as the mainland's CSI 300 is set for a over 15% rally this week.Those 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 futures
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