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Europe closes lower after US job data, Ukraine fears

European stock indexes closed lower on Friday, with the exception of the U.K.'s benchmark FTSE 100 (FTSE International: .FTSE), after the U.S. economy produced fewer than expected jobs in October and tensions in Ukraine unsettled investors once more. The pan-European FTSEurofirst 300 (FTSE International: .FTEU3) provisionally closed 0.5 percent lower, while London's FTSE 100 (FTSE International: .FTSE) unofficially ended the week's session around 0.27 percent higher, boosted by strength in the commodity-related stocks that constitute a substantial part of the index.

Read More Russia ready to defend ruble as rocky ride continues Germany's DAX (:.GDAX) index was close to 1 percent lower, however, with investors concerned about impact developments in the Ukraine crisis will have on the German economy. On Wednesday there were reports of Russian tanks crossing into eastern Ukraine.Read More NATO says more Russian troops along Ukraine border After a choppy week of trade, Italian stocks (FTSE International: .FTMIB) ended around 3 percent lower on the week and the French CAC (Euronext Paris: .FCHI) was down 1 percent for the week. In the U.S. stocks fell on Friday, with the S&P 500 and Dow Industrials pulling back from their loftiest levels, after the jobs data, which showed that 214,000 nonfarm jobs were created in October.

Banks weight, Allianz soars Pessimism over economic growth and uncertainty surrounding further European monetary stimulus weighed on bank stocks in Europe, with several Greek banks closing down between 9 and 10 percent. Italy's Unicredit (Milan Stock Exchange: UCG'S-IT) fell over 3 percent, while French lenders, Credit Agricole (Euronext Paris: ACA-FR) and Societe Generale (Euronext Paris: GLE-FR) closed down over 2 percent.

Fresnillo (London Stock Exchange: FRES-GB) gained almost 5 percent, while peers Rio Tinto (London Stock Exchange: RIO-GB), Anglo American (London Stock Exchange: AAL-GB), Glencore (London Stock Exchange: GLEN-GB) and BHP Billiton (London Stock Exchange: BLT-GB) all ended over 2 percent higher on Friday.

Germany's Allianz was another top gainer in Europe, rising almost 5 percent before closing almost 4 percent higher after the insurer raised its dividend and unveiled a forecast-beating jump in third quarter net profit . This helped to calm fears after record outflows from its Pimco unit, following the shock departure of Bill Gross.

This follows an upturn in markets on Thursday, after European Central Bank President Mario Draghi soothed fears of dissent at the Bank and hinted at the possibility of further aggressive stimulus measures .

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