India, Aug. 16 -- European stocks may open higher on Friday as recession worries ebbed and investors have increased bets that the European Central Bank will announce a package of stimulus measures at its next policy meeting in September.
Asian markets found some footing as encouraging retail sales figures from the U.S. helped ease some concerns about a recession in the world's biggest economy.
There is pressure on Chinese officials to boost stimulus after credit growth tumbled to the second-lowest amount this year in July. As global growth falters, there is now talk of aggressive stimulus from all the major central banks.
The Federal Reserve could cut rates by as many as 50 basis points at its next meeting in September.
European Central...