Stocks were on a roller coaster ride this week as investors found it difficult to demystify messages from US President Donald Trump on the trade war.
The comments during his London visit for the NATO summit swung wildly with him saying talks with China were going "very well" at one meeting, while warning that the deal may come only after elections in November 2020, at another.
The pan-European STOXX 600 rose 0.1pc by 0920 GMT, mainly driven by utilities, healthcare and real estate sectors as investors were seeking shelter under bond proxy names until clarity emerged on the trade deal.
German blue-chip index, home to major industrial exporters, fell 0.3pc.
"Back to 2019, and we are living in a pre-December 15th world where one headline or tweet on trade has the ability to turn a good day into a bad one and visa-versa," Deutsche Bank strategist Jim Reid said.
A further set of US tariffs on Chinese goods is set to take effect on Dec. 15.
Luxury stocks were the pick of the day after Bloomberg reported that Gucci-owner Kering held "exploratory" talks about a potential deal with Italian luxury puffer coat maker Moncler.
The news sent Moncler's shares up 11pc, also boosting its local peers Salvatore Ferragamo and Tod's shares up 3pc.
The rally in luxury stocks come as a relief after pulling back on Tuesday on Washington's threat with punitive duties of up to 100pc on champagne, handbags and other French products imports from France.