The pan-European STOXX 600 was up 0.6% by 0823 GMT after falling about 1.4% in the last two sessions.
Yields across government bonds edged lower on the day, with the yield on the 10-year bund last at 2.58%.
Automobiles and parts led gains, rising 1.5%, while basic resources advanced 1.1%.
The event of the day will be French Prime Minister Francois Bayrou’s speech which is expected to lay out the contours of a deal to water down pension reforms in return for support from the left on passing a budget. France’s benchmark index CAC 40 jumped 1.1%.
JD Sports Fashion tumbled 10.3% after the British sportswear retailer downgraded its profit forecast and warned it was “cautious” in the coming year. BP fell 2.5% after the energy giant said that lower refining margins would hurt its fourth-quarter profit by $100 million to $300 million.