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 long-awaited monetary easing cycle at its meeting next week.

The pan-European STOXX 600 index (.STOXX) , opens new tab was up 0.5% at 514.5 points, as of 0710 GMT, with France's CAC 40 (.FCHI) , opens new tab rising 0.3% after consumer prices in the region's second-largest economy rose 2.2% year-on-year in August, in line with its preliminary reading.

Miners (.SXPP) , opens new tab boosted the markets, rising 0.6%, as copper prices hit a two-week 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, 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 43% chance for a 50 bps reduction on Sept. 18.

"I think there's a strong case for 50," said Bill Dudley, the former chief of the New York Fed.

Astrazeneca (AZN.L) , opens new tab was the top loser with a 1.1% fall after Deutsche Bank cut the stock rating to "sell" and lowered its price target on Friday.

Shares of Denmark's DSV (DSV.CO) , opens new tab climbed 2.4% after the transportation and logistics services operator announced plans to invest around one billion euros ($1.1 billion) in Germany over the next three to five years as the new owner of Deutsche Bahn's [RIC:RIC:DBN.UL] logistics unit Schenker.

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https://www.reuters.com/markets/europe/european-shares-climb-with-focus-us-cenbank-policy-decision-2024-09-13/