British rival WPP WPP.L rose 0.6%. By Sruthi Shankar Oct 14 (Reuters) - European stocks hit a more than two-week high on Thursday as investors hoped that a steady economic recovery from the pandemic-induced slump will support corporate earnings despite signs of elevated inflation. Supply chain disruptions, a global energy crisis and labour shortages have fuelled concerns about higher inflation driving central banks to raise interest rates sooner at a time when policymakers are planning a gradual exit from the pandemic-era stimulus.