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International Business Times

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AFP News

Global Stocks Rise On Rate Hopes, Beijing Stimulus

United States Beijing China Economy Inflation Euro Europe New York the Federal Reserve

Developers' stocks are among the big winners this week after China unveiled a raft of measures to support the property sector and other parts of the economy (Credit: AFP)

Stock markets mostly rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts and China took measures to boost its struggling economy.

All major European markets closed higher, locking in strong gains for the week.

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