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European Stocks Rise as U.S. Data Offsets Debt-Crisis Concern

European stocks rose, capping the first weekly rally since Dec. 2, as U.S. durable-goods orders and new home sales increased, reinforcing optimism that the recovery in the world’s largest economy is gathering strength.

Wavin NV jumped 22 percent after Mexichem SAB raised its bid for the Dutch manufacturer by 11 percent to 10 euros a share. BP Plc led oil and gas producers higher as crude headed for its biggest weekly gain in two months.