European markets extended gains for a third day on Friday, as China's move to boost bank lending outweighed data showing slower-than-expected US job growth and a fall in German industrial output.[BENGALURU] European markets extended gains for a third day on Friday, as China's move to boost bank lending outweighed data showing slower-than-expected US job growth and a fall in German industrial output.
Hopes of stimulus for major economies, hurt by a bruising trade war between the United States and China, have encouraged investors to take risk despite lingering worries about a recession.Mixed jobs data from the world's largest economy, which showed US hiring slowed more than expected in August although wage gains picked up, did little to change traders' bets on two more rate cuts from the Federal Reserve this year.
Fresh data on Friday showed an unexpected fall in German industrial output in July, adding to signs that manufacturers in Europe's biggest economy are struggling.