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Market Update: European Stocks Head for Positive Open
European stock futures pointed to a positive start on Tuesday, set to extend Monday’s rally, as investor focus shifted to prospects of solid economic growth in Europe rather than near-term rise in US interest rates. ECB President Christine Lagarde said on Monday that a recovery in global demand and a faster-than-anticipated increase in consumer spending could result in a stronger economic recovery, while any tightening of wider financing conditions would be premature. Elsewhere, two US central bank officials explained their support for an earlier withdrawal and a third said signaled it was too early for any turn in policy. [/s2If]
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