The euro zone's STOXX index closed up 0.6 percent but near the session lows as tech losses on Wall Street weighed even as oil rallied and a tepid U.S. jobs report tempered some expectations for fast U.S. interest rates hikes.
"Volatility is high and investors are twitchy. It was been a dreadful week for European markets, and today’s positive move can’t mask the previous losses," said David Madden, market analyst at CMC Markets UK.
Car makers, which are most vulnerable to trade worries, were up only 0.1 percent after falling more than 4 percent during the previous session.
Oil and gas stocks led the gains after OPEC and its Russia-led allies agreed to slash oil production by more than the market had expected even amid pressure from U.S. President Donald Trump to reduce the price of crude.
In M&A news, Finnish retailer Amer Sports jumped 9 percent to the top of the STOXXE after a consortium led by China's Anta Sports launched a takeover bid valuing the company at 4.6 billion euros ($5.23 billion).
A glimpse of optimism was provided by the market debut of Britain's AJ Bell. The investment platform provider bucked a trend of lacklustre European initial public offerings, with the shares rising more than 37.5 percent.
Spain's Sabadell dipped 0.2 percent after its chairman said the bank planned an eventual merger or sale of its TSB unit once it has returned the British bank to profitability.
"If Primark is struggling, what chance does the rest of the high street have?" said Neil Wilson, analyst at Markets.com. (Reporting by Julien Ponthus and Josephine Mason; editing by Helen Reid, Larry King, Richard Balmforth)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)