By Polya Lesova
FRANKFURT (MarketWatch) -- European stocks rose on Friday after the U.S. Commerce Department cut its estimate of second-quarter economic growth less sharply than analysts expected. Second-quarter growth was 1.6% compared with a previous estimate of 2.4%. Economists polled by MarketWatch had anticipated an even sharper downward revision to 1.3% growth. After trading flat before the data, the Stoxx Europe 600 index (ST:SXXP 249.58, -0.07, -0.03%) gained 0.6% in recent trade. Germany's DAX index also rose 0.6%.
