LONDON (The Deal) -- European stock markets rose on Friday, following Asia higher, ahead of third-quarter GPD figures from China on Monday.
The data is expected to show that the Chinese economy expanded at its slowest pace in more than six years and as such is seen as spurring the government and central bank on to offer further stimuli. Meanwhile, data this week from the U.S., including Wednesday's retail sales figures, have nurtured hopes the Federal Reserve will hold off a little longer before raising rates.
In Europe, revised figures from the European Union's data unit confirmed that eurozone consumer prices fell 0.1% year-on-year in September.
The FTSE 100 in London was up 0.86% at 6,393.14. In Frankfurt the DAX rose 0.83% to 10,147.93 and in Paris the CAC 40 gained 0.66% to 4,705.94.
In London, mining and commodities group Glencore (GLNCY) was the lead FTSE 100 gainer, rising more than 3%, after The Wall Street Journal reported that executives expect its debt reduction efforts will result in an upgrade to its credit rating.
Elsewhere consumer stocks stole the spotlight on Friday.
Clothing and accessories group Hugo Boss (BOSSY) was down more than 4% in Frankfurt after it effectively cut its full-year sales and profit forecasts after a tough third quarter in China and the U.S. The German fashion group expects revenue and Ebitda to increase by between 3% to 5% in the full year -- it had tipped "single-digit" expansion before.
But food retailer Carrefour (CRRFY) of France was up almost 5% in Paris after third-quarter figures confirmed that growth momentum had returned to its European operations, with good same-store sales figures from France, Spain, Italy and Belgium.
Nestle (NSRGY) was down almost 2% in Zurich after the food company lowered its guidance for organic sales growth. One-off events in the third-quarter including a food scare in India involving its Maggi noodles dampened revenue, and meant that in the nine months ended September sales rose just 2% to Sfr64.9 billion ($68.1 billion). The Vevey, Switzerland company now expects full-year organic growth of 4.5%; in August it had predicted growth of around 5%.
The Shanghai Composite rose 1.6% to 3,391.35 ahead of Monday's GDP report, which analysts and expects expect to show the economy grew at well under the 7% rate of the first and second quarters of the year.
In Tokyo, the Nikkei 225 rose 1.08% to 18,291.80 and the Topix closed up 1.01% at 1,505.84. In Hong Kong, the Hang Seng closed up 0.78% at 23,067.37.