Global equities rose on Friday as investors clung to the view that U.S. interest rates may fall further this year, with European shares posting their biggest weekly gain in 12 weeks on strength from banking stocks.

Shares of Expedia Group Inc (NASDAQ:EXPE) are up 15.1% before the bell, after the company posted better-than-expected second-quarter earnings results and lifted its full-year outlook. In response, no fewer than eight firms raised their price targets. Should these gains hold, EXPE will add immensely to its 0.7% year-to-date lead.