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European stocks clock best week in nearly eight months

News Snapshot:

European shares notched their best weekly performance in nearly eight months on Friday, largely driven by bets of smaller rate hikes by the Federal Reserve and easing COVID-19 curbs in China. The STOXX 600 index ended the session up 0.1% at a 11-week high, with financial services, mining and retail stocks leading the gains. The index marked weekly gains of 3.7%, mostly after data on Thursday showed U.S. consumer prices cooled more then expected in October, leading to expectations that the Federal Reserve could temper its size of future interest rate hikes. "The market's just waiting for signals that the…

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