Stocks Rise on Hopes of Slowing Rate Hikes and Improving China Economy

European stocks set for best weekly gain in two months on hopes of nearing end to ECB rate hikes and data suggesting Chinese economy regaining momentum

ECB raised key rate to 4% on Thursday but signaled may be nearing end of hikes as euro zone economy weakens

Chinese data beat expectations, showing retail sales and industrial output rose in August, though property slump continued

U.S. stocks futures cautious ahead of Fed meeting next week; Treasuries yields rise as recession avoidance hopes limit allure

Euro rebounded from overnight lows after ECB while dollar index stuck near 6-month peak, on track for 9th straight weekly gain