European Stocks Rack up Second Week of Gains, Pandora Leaps | Investing News

(Reuters) – European stocks posted a second consecutive week of gains on Friday as bumper forecasts from Denmark’s Pandora and Novo Nordisk set a brighter tone for the earnings season, while investors kept an eye out for signs of fresh U.S. stimulus.

The STOXX 600 index <.STOXX> ended up 0.6% to close the week with a gain of 2.1%.

Global equities advanced this week as growing expectations the Democratic party will win U.S. elections next month revived hopes for more economic stimulus there.

In Europe, a string of mergers and acquisitions as well as a rebound in beaten-down sectors like travel & leisure <.SXTP>, banks <.SX7E> and oil & gas <.SXEP> lifted regional markets.

Shares of aircraft engine maker Rolls Royce

have almost doubled in value since Monday, while British Airways owner-IAG

jumped 13.2%.

Jewellery maker Pandora rose 17.2% to the top of STOXX 600 on Friday after hiking its

Read More