European shares edge higher ahead of earnings; China adds stimulus

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Reuters UK

By Elizabeth Howcroft LONDON (Reuters) -European shares recovered from Friday’s losses on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Stock market moves in Asian trading were small and economic data from China was mixed: industrial output picking up but retail sales missed expectations. China’s central bank unexpectedly eased policy by cutting rates on medium-term loans. Analysts expect more policy easing as growth in the world’s second-largest economy has shown signs of slowing from its rapid re…

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