European stocks look set to open on a positive note Friday as a batch of U.S. and Chinese economic data signaled that the global economic recovery is well underway.
China's gross domestic product expanded 18.3 percent year-on-year in the first quarter of 2021, the National Bureau of Statistics said.
That was shy of estimates for a jump of 19.0 percent but was up sharply from the 6.5 percent growth in the fourth quarter of 2020.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.