European Stocks Post Biggest Weekly Rally of 2012

European Stocks Post Biggest Weekly Rally of 2012

Gianluca Colla/Bloomberg

Vehicles are driven past a building that houses an office for Xstrata Plc, in Zug, Switzerland. Xstrata surged 16 percent and Glencore jumped 13 percent after Glencore held talks to buy the shares in Xstrata that it doesn’t already own to add mines from Africa to Asia. Glencore, which holds a 34 percent stake in Xstrata, said that there’s no certainty it will make an offer.