Economics
European Stocks Climb to Post Biggest Weekly Gain Since February
- Roche leads health-care shares higher after Genentech results
- Trading volume is low before U.K., U.S. holiday on Monday
European Stocks Post Weekly Gains
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European stocks extended a third weekly increase, amid optimism that the economy is strong enough to withstand higher U.S. borrowing costs, as traders awaited a speech by Federal Reserve Chair Janet Yellen.
The Stoxx Europe 600 Index added 0.2 percent at the close of trading in London, taking its advance to 3.4 percent for the week. The number of shares on the gauge changing hands was about 20 percent lower than the 30-day average, before holidays in the U.K. and U.S. on Monday.