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STOXX 600 up 0.5

Sept 13 Reuters European stocks advanced on Friday and were poised for weekly gains, supported by miners, while investors shifted their focus to the U.S. Federal Reserve ahead of a longawaited monetary easing at its meeting next week.

The panEuropean STOXX 600 index was up 0.5 at 514.4 points, with France39;s CAC 40 rising 0.3 after consumer prices in the region39;s secondlargest economy rose 2.2 yearonyear in August, in line with its preliminary reading.

Autos were the top gainers among sectors, jumping 1.5 and were on track for their best day in over a month.

Miners rose 0.8, as copper prices hit a twoweek high on buying ahead of a Chinese holiday and amid stimulus hopes after President Xi Jinping pushed for measures to boost economic growth.

After the European Central Bank ECB lowered its deposit rate to 3.5 on Thursday, policymakers do not see an interest rate cut in October, barring a major deterioration in the outlook for growth, sources told Reuters.

ECB policymaker Joachim Nagel said inflation in the euro zone, including a core measure that strips out volatile prices, is going in the right direction, as he backed the latest rate cut.

Investors are now wagering on the size and extent of the rate cut by the U.S. central bank next week, with money markets seeing a nearly 40 chance for a 50bp reduction on…