European stocks closed higher Friday as investors digested a better-than-expected nonfarm payrolls report from the U.S.
The pan-European Stoxx 600 closed higher 1.16% to 407.35 with every sector in the black. Sentiment was boosted after data showed the U.S. economy added 266,000 jobs in November. Economists polled by Dow Jones expected a gain of 187,000.
Looking at individual stocks, the insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion). Shares were up 3%.