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Aug 30 (Reuters) - European shares hit an all-time high

on Friday, with the benchmark set to gain for a fourth straight

week, although caution prevailed ahead of a key inflation

reading for the eurozone.

The pan-European STOXX 600 index was up 0.2% at

525.65 points by 0713 GMT on Friday, beating its record peak of

525.59 it hit in June.

The benchmark was set to gain 1.3% for the week, set for a

four-week winning streak, which would be its longest in more

than five months. It was also set to gain for a second straight

month, a trend last seen nearly six months ago.

Rate sensitive real-estate stocks' 1.4% jump boost

the index on the day, with the European Central Bank set to meet

in less than two weeks and the markets expecting a 25 basis

point rate cut.

The French benchmark CAC 40 gained 0.3% after its

CPI data showed consumer spending grew in August.

Spain's IBEX 35 gained 0.6% higher, after retail

sales data showed an uptick of 1% in July.

Eurozone flash consumer prices and Italian inflation

readings for August are set to drop at 0900 GMT. ECB board

member Kerstin af Jochnick's comments will also be on the radar.

Among the negatives, tech stocks weighed heavily on

the index, falling 0.7% after a near 1% in the previous session.

Among individual stocks, Ambu slumped 10.7% after

the Danish medical equipment maker reported its third-quarter

results.

Germany's Thyssenkrupp lost 1.6% after the

chairman and CEO of its steel division decided to step down.