Europe stocks set to extend gains after ECB hikes to record level, hints at peak rates

European markets were set to open higher Friday as investors in the region assessed the European Central Bank’s rate decision.

China's retail sales grew 4.6% compared to a year ago, better than expectations of a 3% growth forecast by a Reuters poll. Similarly, industrial production grew by 4.5% in August from a year ago, also better than the 3.9% forecast.China August retail sales and factory output beat expectations, but fixed asset investment misses

Retail sales grew by 4.6% in August from a year ago, beating expectations for 3% growth forecast by a Reuters poll. The increase was also faster than the 2.5% year-on-year pace in July. Fixed asset investment, however, grew by 3.2% year-on-year in August on a year-to-date basis. That missed expectations for a 3.3% increase and was slower than the 3.4% pace reported as of July.CNBC Pro: Alibaba and more: CLSA names 3 of the ‘cheapest AI plays’ worldwide — giving two over 50% upside

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