(Reuters) - LONDON, May 11 - U.S. Treasuries rose and European stocks trimmed losses on Friday as tame U.S. producer inflation data and sluggish retail sales numbers revived the odds of the Federal Reserve cutting interest rates later this year.
U.S. producer prices rose a stronger-than-expected 0.7 percent in April but excluding food and energy, prices were unchanged versus expectations of a 0.2 percent rise.
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