European traders are getting some respite from the rout that has erased most of this year's equity gains.
The Stoxx 600 added 0.5pc to 354.52 at 4:30pm in London. While the equity gauge fluctuated between gains of 1.2pc and losses of 0.6pc, a measure tracking expectations for future swings dropped after a three-day increase.
By mid-afternoon in Dublin, the ISEQ Overall Index was up 0.3pc, or 18.52 points, to 6,278.87.
The leaders on the Dublin market included Ryanair, which increased 3.6pc to 12.52pc, while hotel group Dalata rose 1.3pc to €4.05.
On the other side of the board, the laggards included insurance group FBD, which dropped 5.8pc to 5.84 by mid-afternoon, while drinks group C&C fell 1.7pc to 3.52.
"Stocks have gotten hammered and after the decline yesterday it's only natural to see a slight rebound," said Michael Woischneck, who helps oversee the equivalent of $7.1bn at Lampe Asset Management in Dusseldorf.
"I think the worst is behind us, we'll tinker around these levels but we won't test the lows again. We will get more data from China and we will see central banks acting.
"They can't ignore the situation in international markets."
The Stoxx 600 extended its plunge from August yesterday amid growing concern that China's economy is faltering, just as the Federal Reserve gets ready to increase interest rates. The equity measure is now 14pc below the record it reached in April, sending its valuation to 15.2 times estimated profit, lower than US shares. It's pared its gains for the year to 3.5pc from as much as 21pc.
Among stocks moving yesterday on corporate news, Telefonica fell 2.2pc as RBC Capital Markets downgraded the telecommunications provider to underperform, similar to sell, from outperform.
Alstom advanced 2.5pc as people familiar with the matter said that General Electric is poised to win European regulators' approval for its purchase of the French company's energy business in the coming days.
Delta Lloyd NV dropped 2.5pc after money manager David Einhorn, one of the insurer's largest shareholders, reduced his stake.
The euro fell for the first time in three days as a report showed declining wholesale prices in the region, spurring expectations that the European Central Bank's will put weakening the currency back in the spotlight when it meets today.
The currency zone gave back some of last month's advance after an index showed producer prices slumping for a second-straight month in July.