European Stocks Advance as China GDP Matches Forecasts

European stocks climbed to their highest level in almost six weeks, following the biggest weekly advance for the region’s equity benchmark in two months, as Chinese economic growth matched forecasts.

U.K. banks gained after Rightmove Plc doubled its forecast for the increase in British house prices this year. Commerzbank AG rose 4.7 percent as the lender sold 5 billion euros ($6.5 billion) of loans to Wells Fargo & Co. and Lone Star Funds.