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European equities closed largely lower Friday, as investors reacted to better-than-expected jobs data from the U.S.
The pan-European Euro Stoxx 600 Index closed around 0.9 percent lower, despite a boost after new figures showing the U.S. economy created 280,000 jobs in May. This was better than expected, after a slow start to the year for the country.
In Athens, the benchmark stock index closed around 5 percent lower after the Greek government postponed a debt repayment.
Greece had a 300 million euro ($338 million) payment due to the International Monetary Fund on Friday, but informed the fund that it would miss the payment and instead pay at the end of the month, bundling it in with other payments due in June.
Oil stocks were the major outperformer on Friday on the back of a sharp rise in the price of the commodity, which reversed later in the session.
In early afternoon trade, the 12-member OPEC group confirmed it was maintaining its oil production target of 30 million barrels of "black gold" per day.
U.S. stocks traded narrowly mixed on Friday as investors weighed developments in Greece and the fall in Treasury notes following the strong jobs report.
Back in Europe, shares of Vodafone closed around 2.4 percent lower after the mobile operator said it was considering an exchange of selected assets with Liberty Global, ending speculation of a possible merger.
UK Oil & Gas Investments shot as much as 7 percent higher during the day's trade, after the group said its site near London's Gatwick Airport has been independently assessed for oil supply.
After the Europe markets close, ratings agency Standard & Poor's announced that it had .
The FTSEurofirst 300 index closed 2.6 percent lower on the week's trade.
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