(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
June 5 (Reuters) - European shares resumed their rally on
Friday as a bumper stimulus from the European Central Bank
fuelled hopes of a faster economic recovery, putting the main
benchmarks on course for their best week in two months.
The pan-European STOXX 600 .STOXX gained 1.2% by 0722 GMT,
led by a 3% jump in bank stocks .SX7P . Insurers .SXIP ,
automakers .SXAP and travel stocks .SXTP also rose more than
2%.
Global equity markets have climbed strongly this week, with
Wall Street indexes nearing record levels as investors focussed
on re-opening of economies.
The STOXX 600 is about 15% below all-time highs, but has
recovered more than 37% from March lows as fresh stimulus plans
for Europe spurred a move into economically sensitive cyclical
sectors.
British Airways owner-IAG ICAG.L and easyJet EZJ.L
jumped nearly 9%, topping gains on the STOXX 600.