European Stocks Set for a Weekly Advance, Extend Win Over US – Bloomberg

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European equities were set for a weekly advance as investors assessed signs of cooling inflation, with Citigroup Inc. and Goldman Sachs Group Inc. strategists turning optimistic on the region’s shares.
The Stoxx Europe 600 was 0.1% higher by 10:38 a.m. in London, holding weekly gains at 3.5%, as euro-area inflation returned to single digits for the first time since August, fueling hopes that the bloc’s worst-ever spike in consumer prices has peaked. December’s reading came in at 9.2%, Eurostat said Friday.

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