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European Stocks Erase Weekly Declines, Joining Global Advance

  • Shares extend rally as data showed U.S. economy grew more
  • All industry groups in Stoxx 600 climb as Germany's DAX jumps
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Europe and China Track U.S. Markets Rally

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Confidence is returning to the market, and European stocks have erased their weekly losses.

The Stoxx Europe 600 Index climbed 3.5 percent on Thursday, extending the rally after data showed the U.S. economy grew more than previously forecast. The gauge is now up 0.3 percent for the week. All industry groups advanced, mirroring increases in commodities, while benchmark measures in the U.K., Germany and France rallied more than 3 percent.