- US jobless rate falls but payrolls rise less than forecast
- German court refers ECB OMT to EU court
- German factory orders drop
- UK manufacturing and industrial output rise
FTSE 100: 0.20%
CAC 40: 0.96%
FTSE MIB: 0.96%
IBEX 35: 1.11%
Stoxx 600: 0.72%
European stocks ended the week higher as a report showed the US employment rate fell unexpectedly.
The jobless rate in the world's biggest economy declined to 6.6% in January from 6.7%, according to the Labor Department. Economists had expected the rate to remain unchanged.
The report also showed that employers added 113,000 workers last month, missing the forecast of 180,000. December's payrolls figure was revised up only modestly, to 75,000, from 74,000.
Barclays said the mixed employment picture increases the likelihood that the Federal Reserve will hold back from further monetary stimulus tapering in March.
The Fed last month announced a second reduction to its monthly bond purchases by $10bn to $65bn, saying the economy had improved since deciding to start scaling back quantitative easing in December.
Germany refers ECB QE complaint to EU court
Germany's Constitutional Court has referred an objection against the ECB's "unlimited" quantitative easing programme to the European Court.
The ECB's Outright Monetary Transactions (OMT) programme was announced by ECB President Mario Draghi in September 2012 and is widely credited with stabilising the euro.
Germany's top court questioned the OMT and asked the European Union's highest tribunal to rule on the legality of the programme.
Elsewhere in Germany, industrial output fell 0.6% in December, from November, when it rose a revised 2.4%. Economists predicted a gain of 0.3%.
In the UK, industrial production increased by 0.4% month-on-month in December, compared to November when it fell 0.1% and the forecast for a rise of 0.6%.
UK manufacturing output climbed 0.3% in December from a drop of 0.1% a month earlier, missing analysts' estimates for an increase of 0.6%.
Meanwhile, the National Institute of Economic and Social Research (NIESR) on Friday raised its UK economic growth forecast to 2.5% from a previous 2%.
The economic research body said growth will be driven by consumer spending and demand in the housing market but warned that weak productivity poses a risk for the country's medium-term outlook.
Vedanta Resources was higher after Bank of America Corp. lifted its rating on the commodity producer to 'buy' from 'neutral'.
Statoil was higher as the Norweigan oil company scale back spending plans for the three years through 2016 by 8% to about $20bn a year in an effort to raise its free cash flow.
ArcelorMittal advanced after the world's biggest steelmaker posted fourth-quarter profit that exceeded analysts' expectations.
Shire slumped after saying it will no longer pursue the development of Vyvanse, its medicine for the treatment of major depressive disorder.
Outotec Oyj tumbled as the Finnish mining-equipment supplier posted fourth-quarter income that missed market forecasts.
SBM Offshore was lower after the company said a former employee tried to extort money by threatening to disclose information related to an ongoing investigation into possible improper sales practices.
The euro rose 0.15% to $1.3610 after falling earlier in the day.
Brent crude futures was up $0.851 to $108.110 per barrel, according to ICE data.