- European stocks and commodities rose after better-than-expected economic data from China fuelled optimism that stimulus measures are working. The euro was on track to set a new weekly low.
- After Chinese industrial production and retail sales data beat expectations, Europe's STOXX 600 gained 0.9%, following Asian peers higher. Brent crude has surpassed $94 per barrel.
- Bets that the ECB's tightening cycle has ended have sent the euro down for the ninth week in a row, the longest losing streak since it was created over two decades ago. After strong data on Thursday revived speculation that policymakers can engineer a soft landing and keep rates on hold, all eyes are now on the Federal Reserve's meeting next week.
- The dollar fell against most major currencies, while Treasury yields rose.
- ECB's President Lagarde: We have not discussed rate cuts.
