European stocks rose slightly on Friday, as cautious optimism about U.S. employment numbers to be released later in the day prevailed over news that the fall of German industrial production in October proved worse than expected.
The Stoxx Europe 600 (TICKER:XX:SXXP) was up 0.4% to 404.26
The U.K. FTSE 100 (TICKER:U.K.:UKX) led other European indexes, up 0.51% to 7174.13. The spotlight was on life insurer Phoenix Group (TICKER:PHNX.LN), which agreed to acquire rival ReAssure from SwissRe (TICKER:SREA.EB) for £3.2 billion, to be paid in cash and shares.
Phoenix Group shares rose 0.5% to 7.46 on the news….