Europe Stocks Post Weekly Gain on Global Economic Outlook

European stocks posted their biggest weekly rally since early February as reports from the U.S. to Germany indicated growth is gaining pace and the Federal Reserve raised its assessment of the world’s biggest economy.

Shares of insurance companies and banks led the advance, with Aegon NV and Credit Suisse Group AG jumping at least 11 percent each. Pirelli & C. SpA, Europe’s third-largest tiremaker, soared 15 percent as profit beat analysts’ estimates.