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The continent-wide STOXX 600 was up 0.4%, as of 0716 GMT, snapping three consecutive days of losses. But the index was set for a monthly loss of nearly 4%.
Rate-sensitive tech stocks, down for three straight days on expectations of aggressive interest rate hikes globally, climbed 2.1%.
Among stocks, Italian luxury group Brunello Cucinelli fell 3.9% after posting its half-year results.
Dormakaba Holding slipped 2% after the Swiss security group forecast organic growth slightly above its target range, but added that the outlook applied only to the first half of the 2022/23 financial year.
Gains were also capped as Russia began halting gas flow via a major pipeline to the continent’s largest economy on Wednesday.
Focus in now on euro zone inflation reading for August due at 0900 GMT.
