European Stocks Advance; Greek Banks, Vodafone, Volvo Climb

European stocks rose, with the Stoxx Europe 600 Index posting its first weekly gain in three, after euro-area leaders announced a new aid package for Greece and measures to prevent sovereign bond yields increasing.

Greek banks climbed with the Mediterranean nation’s four largest lenders all surging more than 9 percent. Vodafone Group Plc gained 2 percent after posting better-than-estimated service revenue growth. Volvo AB jumped 3.6 percent as the world’s second-biggest truckmaker reported second-quarter results that beat expectations.