European stocks inched higher on Monday, as investors mulled disappointing Chinese data and awaited the minutes of the Federal Reserve's July meeting due on Wednesday for clues on the size of next rate hike.
Sentiment was underpinned after China's central bank cut both one-year and seven-day lending rates by 10 basis points in a surprise move to revive demand.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.