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European Stocks Eye Third Week Of Gains

European stock markets headed for a third straight week of gains on Friday, with Valeo SA rallying after a strong earnings report and BAE Systems PLC pushing higher after a broker upgrade. The Stoxx Europe 600 index rose 0.4% to 336.00, on track for a 0.8% weekly advance. On Thursday, the benchmark slipped 0.1% after a volatile trading day, when weak Chinese manufacturing data stirred renewed fears of a slowdown in emerging markets. In Friday's action, Valeo rallied 9.7% after the auto-parts maker late Thursday posted a 18% rise in full-year profit. Shares of BAE Systems gained 0.9% after Societe Generale lifted the firm to buy from hold. Among country-specific indexes, the U.K.'s FTSE 100 index climbed 0.5% to 6,847.85, France's CAC 40 index added 0.2% to 4,365.88 and Germany's DAX 30 index put on 0.3% to 9,646.76.Copyright © 2014 MarketWatch, Inc....

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