LONDON (MarketWatch) -- 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 (XX:SXXP) 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 (FR:FR) rallied 9.7% after the auto-parts maker late Thursday posted a 18% rise in full-year profit. Shares of BAE Systems (UK:BAE) gained 0.9% after Societe Generale lifted the firm to buy from hold. Among country-specific indexes, the U.K.'s FTSE 100 index (UK:UKX) climbed 0.5% to 6,847.85, France's CAC 40 index (FR:PX1) added 0.2% to 4,365.88 and Germany's DAX 30 index (DX:DAX) put on 0.3% to 9,646.76.
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European stocks eye third week of gains; Valeo rallies
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