By Carla Mozee, MarketWatch

LONDON (MarketWatch) -- European stocks rose Friday, with the Stoxx Europe 600 on track to break its longest losing streak in more than a decade, but the benchmark was still facing losses for the week in which heightened fears of slowing global growth led investors to flee equities world-wide.

The Stoxx Europe 600 index rose 1.7% to 315.14. A win Friday would be its first in nine sessions. The last time the index fell for eight straight sessions was in September 2003, according to data from Dow Jones.

All 10 sectors on the benchmark moved higher Friday, led by a more than 2% gain for the oil and gas group. Tullow Oil jumped 5.2% as the oil- and gas-exploration company resolved a dispute with workers at some of its sites in Kenya, according to a Dow Jones report.

Among top gainers, Peugeot SA leapt 5.9% as car registrations in the European Union rose 6.4% in September, and National Bank of Greece SA climbed 5.9%.

But shares of smart-chips maker Gemalto NV dropped 7%.

The Stoxx 600 was looking at weekly fall of 2%, which would extend its weekly string of losses to four.

On the country indexes, Germany's DAX 30 jumped 2% to 8,751.01. A decline on Wednesday left the benchmark down more than 14% from its 2014 closing high, hit in July, according to Dow Jones data. France's CAC 40 gained 1.9% to 3,991.67 and the U.K.'s FTSE 100 rose 1.2% to 6,272.93.

Greece's Athex Composite gained 4.5% to 907.84, but was poised for a weekly slide of 9.7%. Italy's FTSE MIB index rose 1.6% to 18,364.93, but was set for a 4.3% loss for the week.

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