European shares pared losses to close mixed on Friday with investors cautious after a passenger jetliner was shot down in eastern Ukraine.
The pan-European FTSEEurofirst 300 provisionally closed down 0.1 percent at 1,362, as traders tried to piece together Thursday's events when a Malaysia Airlines passenger plane carrying 298 people crashed over eastern Ukraine.
U.S. officials have said that the aircraft was hit by a surface-to-air missile. Both the Ukrainian government and pro-Russian rebels fighting in the region have denied responsibility.
U.S. stocks rose on Friday, with the rebounding after its largest drop since April 10.
Gaza tensions escalate
Wall Street and global markets also monitored Israel's ground offensive in Gaza, the start of which was announced Thursday.
Oil prices rose after Israeli Prime Minister Benjamin Netanyahu announced the start of the ground campaign. The decision came as a surprise as officials from the Palestinian authority and Israel were believed to be progressing in talks in Egypt aimed at a lasting ceasefire.
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Electrolux shares closed over 5 percent higher after the appliance maker said its recovery in Europe was on track with second-quarter sales topping expectations.
Shares of Sweden's Ericsson soared around 8 percent after the company's second-quarter results managed to beat market expectations.
Meanwhile, Volvo shares closed more than 5 percent lower after it announced a smaller-than-expected rise in core earnings on Friday.
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