Better than expected payroll data out of the U.S. buoyed markets in the last hours of trading in the European session.

Data released today show the U.S. job market jump started in June, climbing by 287,000. The revised figure for May was 11,000. The median forecast was 180,000.

In Europe, the International Monetary Fund warmed that the euro zone will grow at a slower pace in the coming years due to the political and economic uncertainty due to Brexit. The IMF now expects GDP in the region to grow by 1.6%. compared with the 1.7% previously predicted.

GDP growth in in 2017 is expected to worsen with the IMF predicting 1.4%, down from a previous estimate of 1.7%. And in 2018, growth is expected to be 1.6% compared with 1.7%.

A Gfk confidence survey to capture the impact of the Brexit vote on British consumers led to its index dropping by eight points to minus nine, the biggest slide in more than 21 years.

In London, the FTSE 100 gained 0.87% to end the day at 6,590.64 and the FTSE 250 was up 1.75% to close at 16,177.75.

It was a turn of fortune for home builders at the end of the week, with many making huge gains after days of significant loses.

Berkeley Group and Taylor Wimpey (TWODY) ended the week more than 7% up. Barratt Developments and Persimmon each gained more than 6%.

U.K. banks also ended the week with robust gains - Royal Bank of Scotland (RBS) was up 6.43% and Lloyds (LYG) was up 5.54%. Barclays (BCS) fell behind gaining just 3.34%.

Mining shares lost at the end of the week, with Fresnillo (FNLPF) losing 2.4% on Friday and Antofgasta ANFGY down 1.72%.

In Frankfurt, the Dax was up 2.24% at 9,629.66 and the Cac 40 gained 1.77% to end the day at 4,190.68.

Italy's FTSE MIB rose 3.3%, with Italian banks leading the charge. Banco Popolare gained 18% after saying stress tests showed "resilience." Banca Popolare dell'Emilia Romagna rose 11% and Banca Monte dei Paschi di Siena gained 3.3%.