Europe Stocks Post Best Week Since April on U.S. Data

European stocks posted their biggest weekly advance in more than four months as U.S. unemployment remained at a four-year low and manufacturing growth in the world’s two largest economies beat projections.

Nokia Oyj surged 41 percent this week after Microsoft Corp. agreed to buy its handset unit for 5.44 billion euros ($7.2 billion) and brokers upgraded their ratings on the shares. Alcatel-Lucent SA rose 22 percent amid speculation Nokia could bid for its wireless business. Ryanair Holdings Plc slumped 8 percent after saying full-year profit will probably be at the lower end of its forecast.