European Stocks Rally in Best Week Since March as Buyers Return
This article is for subscribers only.
European stocks advanced, posting their best weekly advance since mid-March as investors returned to risk assets, lured by cheaper valuations.
The Stoxx Europe 600 Index added 1.4% by the close in London, rising to the highest level since May 3. Consumer and technology sectors outperformed, while utilities and energy shares lagged after the UK government announced windfall tax plans on oil and gas companies on Thursday.