European stocks closed lower on Friday after stronger-than-expected U.S. jobs data raised concerns that the Federal Reserve will hold

The dollar rallied as U.S. December payrolls blew past the consensus estimate. The data raise the risk of the euro falling to parity against the dollar as early as this month, Monex said.

European stocks dropped by the most in three weeks as a hotter-than-expected US jobs report fueled worries that the Federal Reserve will keep rates higher for longer.