European Stocks Power Through to Record as Draghi Fuels Recovery

European equities sailed to a record as optimism about Mario Draghi’s stimulus lifted shares from carmakers to energy producers.

The biggest weekly rally since January propelled the Stoxx Europe 600 Index above a previous all-time high reached in 2000. The gauge closed at 409.15 on Thursday after a report showed German industrial production beat forecasts, the latest of data signaling the euro area’s economy is improving. It climbed another 0.9 percent on Friday.