The pan-European STOXX 600 index rose 0.7%, ending five losing sessions, although the index is set for a weekly loss of almost 4% – its third straight weekly decline.
Shares of Credit Suisse rose 3.2% after a source told Reuters that Switzerland’s second-biggest bank was considering cutting around 5,000 jobs as part of a cost cut.
Autos and technology stocks led the gains, rising 1.5% and 1.4% respectively.
Among other stocks, Equinor fell 1% after the Norwegian energy group said it had completed its exit from Russia.
Ryanair firmed nearly 2% as the low-cost carrier saw record passenger numbers in August for the fourth consecutive month and cemented its position as Europe’s largest airline by passenger numbers.