Shares in Europe rebounded on Thursday as markets gained ground following a chaotic week fuelled by fears of economic slowdown in China.

In Paris, the leading CAC 40 index was up 3.08 percent at 4,639 points, after losing 1.4 percent on Wednesday.

London's FTSE 100 traded 2.31 percent higher at 6,117.25 points, while the DAX 30 in Frankfurt gained 3.27 percent at 10,324.84.

Asian bourses had also closed the day higher, with Shanghai soaring 5.34 percent to end the worst five-day rout for almost two decades.

Despite enduring investor concern about China, trading in Europe and Asia received a lift from comments Wednesday by US Federal Reserve officials, who said the current turmoil had weakened the case for a US interest rate rise in September.