Fairly subdued US inflation number gives European stocks a boost
European stocks closed higher on Friday after the on-year US core personal consumption expenditures price index for August matched the pace of growth in July, while the CME FedWatch tool puts an 86% chance of a quarter point rate cut by the Federal Reserve in October. The FTSE 100 index closed up 70.85 points, 0.8%, at 9,284.83. The FTSE 250 ended 93.71 points higher, 0.4%,...