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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