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European Stocks to Track U.S., Asia Gains

European shares are set to open higher on Thursday, tracking gains in the United States and Asia, with investors training their sights on a raft of data to gauge the strength of the global economy.

Bookmakers in London see Britain's FTSE 100 up 25-29 points, Germany's DAX up 25-32 points, and France's CAC up 15-18 points.

On investors' radars are U.S. inflation, GDP and jobless claims figures, which may give clues to the future of interest rates after the Federal Reserve served up a hefty 50-basis-point cut earlier this month.