European stocks climbed, buoyed by China’s latest stimulus measures and wagers US interest rates may be approaching a peak.
The Stoxx 600 gauge rose 0.7%, halting three days of losses. Futures in the US also advanced after the S&P 500 Index’s best week since June. Crude prices steadied near the highest level since November as traders awaited further OPEC+ supply cuts. US markets are shut Monday for the Labor Day holiday.