VKontakte (VK)

(Bloomberg) -- Stocks in Europe advanced on Friday after China Evergrande Group pulled back from the brink of a default, injecting a note of optimism into markets at the end of a week dominated by earnings reports and inflation worries.Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathConsumer stocks led gains in the Stoxx Europe 600 index, with cosmetics maker L’Oreal SA jumping more than 6% after reporting a third-quarter earnings beat. On the downside, French carmaker Renault SA and London Stock Exchange Group Plc were the latest companies to report supply-chain challenges.Futures on the S&P 500 were little changed, but Nasdaq 100 contracts retreated after Snap Inc. -- owner of the Snapchat app -- tumbled in after-hours trading on a tempered earnings outlook, hurting other technology shares. In Asia, rallies in China’s technology equities and property shares were among the more notable moves. Local media said Evergrande paid a dollar-bond coupon before a weekend deadline, easing…