The FTSE added 63 points (+1.2%) to settle at 5552, whilst the CAC (+1.1%) and DAX (+0.7%) also posted gains.
US shares ended flat as traders booked profits ahead of the weekend. US non-farm payrolls rose by 120,000 in November, in line with market expectations.
The Dow, S&P and Nasdaq all moved less than 0.05% but capped the best week for Wall Street in almost three years.
Crude rose 0.8%, to US$100.96 a barrel; US employment data encouraged investors while traders focussed on tensions between western nations and Iran. For the week oil rose 4.3%.
Base metal prices were mixed on the LME on Friday; nickel soared 6% from 2-year lows while other metals made modest gains.
Gold finished up by US$11.50 (+0.7%) an ounce to US$1,751. For the week gold rose US$65.60 (+3.9%).
In company news, APN expects FY11 net profit to be between $75 and $77 million, citing challenging trading conditions and weakness in the Kiwi dollar.
Today’s session will bring us data in the form of ANZ job advertisements, at 11:30am, AEDT.