CAC 40 
In Paris, the CAC 40 ended up 1.3% at 7,426.88 points, while Germany's Dax gained 0.13%. By contrast, the British Footsie, weighed down by the defense and utilities sectors, lost 0.49%.
The EuroStoxx 50 index rose by 0.53%, the FTSEurofirst 300 by 0.12% and the Stoxx 600 by 0.16%.
Markets rallied on Friday in the wake of the CAC 40, which climbed after President Emmanuel Macron declared his intention to appoint a new Prime Minister quickly so that Parliament could approve next year's budget.
The British Footsie was the exception, slipping into the red with the defense and utilities sectors.
Investors are also digesting the release, earlier today, of the University of Michigan's Household Sentiment Index and the much-anticipated monthly employment report from the US Department of Labor.
These two indicators, which once again confirmed the resilience of the US economy but also showed a slight rise in the unemployment rate, reinforced bets that the Federal Reserve (Fed) will cut rates again at its December 17-18 meeting.
"This morning's data is like a Thanksgiving buffet with a good jobs report and an upward revision, but unemployment is rising despite the falling participation rate," said Lindsay Rosner, head of multi-sector investment at Goldman Sachs Asset Management.
"These numbers don't kill the holiday spirit, and the Fed remains on track for another cut in December," she added.
VALUES
On the value side, the European luxury goods index advanced by 3%, propelled by Moncler, which gained 4.96% after Goldman Sachs raised its recommendation on the stock.
In London, Direct Line closed the session at the top of the Footsie, advancing 5.59% after indicating that it was ready to accept a takeover offer from rival Aviva.
Puig gave up 3.51% after losing almost 9%, its Charlotte Tilburry brand having had to withdraw some of its finishing sprays from the market.
ON WALL STREET
At the time of closing in Europe, Wall Street was trading in mixed order, with traders comforted in their bets on a potential further Fed rate cut in December.
The Dow Jones gave up 0.15%, while the Standard & Poor's 500 advanced by 0.21% and the Nasdaq by 0.72%.
On the value side, Lululemon jumped 17.24% after raising its outlook on the back of strong demand for the holiday season.
Hewlett Packard gained 9.72% after reporting better-than-expected fourth-quarter results on Thursday, citing strong demand for its artificial intelligence servers.
INDICATORS OF THE DAY
US household sentiment improved more than expected in December, rising to 74.0 against analysts' expectations of 73.0, preliminary results from the University of Michigan's monthly survey showed Friday.
The U.S. economy created more jobs than expected in November, according to the Labor Department's monthly report published on Friday. The report shows that 227,000 non-agricultural jobs were created over the month, whereas economists surveyed by Reuters were expecting an average of 200,000 net new jobs.
On the other side of the Atlantic, the eurozone economy grew by 0.4% in the third quarter, in line with expectations, according to the final estimate of gross domestic product (GDP) published by Eurostat on Friday.
CHANGES
The dollar swung wildly on Friday, torn between a slight rise in the unemployment rate and job creation broadly in line with expectations in the United States.
The dollar gained 0.25% against a basket of reference currencies.
In reaction, the euro lost 0.22% to $1.0563.
RATES
Against a backdrop of renewed talk of a Federal Reserve rate cut at the December meeting after the jobs report, US bond yields tumbled at mid-session.
The yield on ten-year Treasuries gave up 1.2 basis points to 4.1703%. The two-year is down 4.2 basis points to 4.1040%.
The ten-year German Bund yield advanced by 1.3 basis points to 2.1170%, and the two-year by 0.5 basis points to 2.0200%.
OIL
Oil prices retreated on Friday, as analysts continued to forecast a supply surplus in 2025 despite OPEC+'s decision to postpone plans to increase oil production.
Brent crude was down 1.3% at $71.15 a barrel, while West Texas Intermediate (WTI) was down 1.46% at $67.31.
TO BE CONTINUED ON MONDAY :
The European Central Bank will meet next Thursday to decide on the future of its monetary policy, against a backdrop of sluggish growth and rising deficits.
(Written by Pauline Foret, edited by Augustin Turpin)
