Germany's DAX 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.
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After a choppy week of trade, Italian stocks ended around 3 percent lower on the week and the French CAC 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 fell over 3 percent, while French lenders, Credit Agricole and Societe Generale closed down over 2 percent.
Fresnillo gained almost 5 percent, while peers Rio Tinto, Anglo American, Glencore and BHP Billiton 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.