European stocks rise for fifth straight day

By Sara Sjolin

LONDON (MarketWatch) — European stock markets rose for a fifth straight day at the open on Friday, tracking gains in the U.S., where the S&P 500 index SPX +1.36% closed at a record high the prior day on upbeat Federal Reserve comments. The Stoxx Europe 600 index XX:SXXP +0.37% climbed 0.4% to 297.69, on track for a 3.3% weekly gain. Shares of Invensys PLC surged 16% after the software firm said it had received an indicative offer from Schneider Electric SA FR:SU -3.89% . Schneider Electric shares were down 3.6%. Among country-specific indexes, the U.K.’s FTSE 100 index UK:UKX +0.39% added 0.4% to 6,571.31, while Germany’s DAX 30 index DX:DAX +0.90% rose 0.6% to 8,211.25. France’s CAC 40 index FR:PX1 +0.24% picked up 0.4% to 3,885.07.

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Europe stocks rise for fifth straight day

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