Spain Sets the Stage For a Bailout

European stocks rise in anticipation

European stocks rose to a one-week high after a report said that policy makers will next week unveil an economic reform program for Spain that will allow the country to seek a bailout.

Novo Nordisk A/S (NOVOB) climbed 1.3 percent after UBS AG advised investors to buy the shares. Vodafone Group Plc (VOD) gained 2 percent after Barclays Plc raised its price target on the stock. Elan Corp. increased 2 percent after the company named a new chief operating officer.