London financial district Canary Wharf: UK stocks rose as investors took heart from the Bank of England saying peak interest rates would be lower than investors were expecting. Photograph: Chris J Ratcliffe/Getty Images European stocks rallied on Friday after US jobs data backed bets the Federal Reserve would deliver smaller rate hikes, while mining and luxury goods stocks were boosted by hopes of easing Covid-19 restrictions in China. Thanks to a largely better-than-expected earnings season and hopes that central banks will slow their pace of monetary policy tightening, the benchmark STOXX 600 index marked its fourth straight weekly gain, rising…