China's Central Bank Cuts Interest Rates: DJ

China's central bank has cut interest rates, according to Dow Jones Newswires on Friday, a move that triggered further gains for U.S. stock futures and European equities. China cut its one-year deposit rate by 0.25 percentage point, and its one-year loan rate by 0.4 percentage point. The People's Bank of China also said it will allow more flexibility in deposit rates.

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