By Barbara Kollmeyer, MarketWatch

MADRID (MarketWatch) -- European stock markets pushed higher on Friday, as investors look set to claw back some losses from the prior session and look ahead to a key report on the U.S. labor market. Sales optimism drove up shares of Swatch Group AG, while restructuring talk boosted Metro AG.

The Stoxx Europe 600 index rose 0.5% to 329.96, after closing down 0.4% on Thursday. The European Central Bank left monetary policy unchanged and its president, Mario Draghi, pledged to take further action on easing if needed at a meeting a day prior, but investors were left disappointed by no concrete plans from Draghi to curb the deflation risk for the euro zone.

Stocks on the move included Swiss watch group Swatch , which missed its 2013 gross sales target, but said 2014 was looking positive, saying all brands had gotten off to a strong start in January. Related stocks also rose, with luxury eyewear group Luxottica Group SpA up 3.6% and luxury goods group Compagnie Financiere Richemont SA gaining 2.9%.

Metro AG shares rose 3.3%. Media reports pointed to a report in Platow Brief, a business newsletter, that said Franz Haniel & Cie, which has a 30% stake in the German retailer, may push it to sell a couple of units. Metro's Chief Executive Officer reportedly opposes those sales, and the report said his contract may not be renewed this year. A spokesman for the companies could not immediately be reached for comment.

Gainers far outweighed decliners, but Carlsberg AS was among stocks on the move south. It dropped 2% after Goldman Sachs cut the brewer to sell from neutral, citing dilutive mergers & acquisition risk and exposure to structurally weak European economies.

Shares of miner Fresnillo PLC fell over 1% after Barclays cut shares to equal weight from overweight. In an update on the sector, Barclays said 2014 could be another difficult year and kept its negative sector view. But it also laid out some preferences in the mining sector -- "stocks that can deliver earnings growth in a flat price environment" -- restating an overweight for Randgold Resources Ltd and upping Hochschild Mining PLC to equal weight from underweight. Shares of Randgold and Hochschild each rose around 1%.

The main event for global markets Friday is the U.S. nonfarm-payrolls report for December. The U.S. looks set to post the biggest annual gain in new jobs since the end of the recession, with economists polled by MarketWatch forecasting a gain of 193,000 and the unemployment rate to stay steady at 7%.

The German DAX 30 index rose 0.5% to 9,470.22, while the French CAC 40 index added 0.5% to 4,246.81. The FTSE 100 index also gained 0.5% to 6,725.27.

Drug stocks were the biggest contributors, with Novartis AG (NVS) gaining 1.6% and Roche Holding Ltd. (RHHBY) adding 1.2%.

Shares of BP PLC (BP) fell 1% after analysts at Exane BNP Paribas cut shares to neutral from overweight, along with Total SA (TOT) . Shares of Total rose 0.1%. Royal Dutch Schell PLC (RDSA) gained1.5% after Exane analysts lifted shares to outperform from neutral.

More stories from MarketWatch:

What to look for in December jobs report

Liquidity risks are big red flags

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