Europe's STOXX 600 clocks best week in 3 months on rate optimism

European stocks ended the week on a positive note, buoyed by strong U.S. economic data. The pan-European STOXX 600 index saw a 2.4% rise for the week ahead of Jerome Powell's anticipated speech at Jackson Hole. The automobile sector led the gains, with Ferrari and Stellantis performing well, while Bayer's shares surged after a legal victory.