European stocks rebounded on Thursday, boosted by rising oil and precious metal prices to offset some of the losses incurred due to weak earnings in the luxury goods sector the previous day.
The pan-European STOXX 600 index rose 0.2% by 08:03 GMT, a day after falling 0.8%.
Investors worried about the state of the macroeconomy turned to the safe haven of gold, while silver rose to new record highs due to demand for cheaper alternatives to the yellow metal.
The price increase led to a 2.9% rise in mining company shares on Thursday.
Energy stocks rose 1.3% as oil prices climbed, driven by concerns over a possible US military attack on Iran, the Middle East's main oil producer.
Earnings results announcements continued to attract investor attention this week:
Analyzing the results of major US technology companies in search of indicators of the path of artificial intelligence.
The focus is on the profits of European companies to look for signs of their ability to withstand rising trade uncertainty.
Shares in German software company SAP fell 11.5% after it announced fourth-quarter earnings in line with market expectations, while Deutsche Bank shares lost 2% despite posting its biggest annual profit since 2007.
Germany's DAX index fell 0.9% after Germany, the Eurozone's largest economy, lowered its growth forecasts for this year and next, citing increasing uncertainty over global trade and a slower-than-expected impact from economic and financial measures.
