LONDON/TOKYO—European stocks were set for their best weekly performance in two months, buoyed by hopes that the European Central Bank is ending its rate rise cycle and data that suggested China’s wobbly economy may be regaining some momentum.
Europe’s Stoxx 600 index, which rose 1.5 percent on Thursday, gained a further 0.7 percent on Friday to put it on track for a 2.1 percent weekly gain, the most since the week ending July 14.
