The pan-European STOXX 600 index closed 0.5% higher, as mining stocks rose 2.8% after data showed that China’s industrial production increased in April faster than expected.
European semiconductor stocks took a hit on the back of recent comments on trade, with Germany’s Dialog and Celtronic shares losing 3.3% and 1%, respectively.
ST Micro Electronics chip maker fell 3%, which kept Paris shares stable.
A preliminary reading of Germany’s GDP in the first quarter of the year showed that the largest European economy contracted 2.2% in the first quarter, the largest slowdown since the financial crisis in 2009, with expectations for the worst by mid-year.
But euro zone finance ministers held a teleconference to discuss financial measures aimed at easing the economic fallout.
Der Spiegel magazine reported that German Finance Minister Olaf Schultz is planning a supplementary budget, which could include additional debt of 100 billion euros ($ 108.25 billion).