Earlier in the day, official data on Thursday showed the euro zone's economy failed to grow in the second quarter. Analysts polled by Reuters had expected 0.1 percent growth.
Worryingly, Germany's economy contracted for the first time in over a year, due to weak foreign trade, investment and construction. France's economy also stagnated.
Read MoreGerman economy in shock contraction, France flat
"The data clearly indicate that the euro area economy is still stuck with very low growth. The poor figure is chiefly driven by downside surprises in Italy, France and Germany which all failed to grow in the second quarter," analysts at Pantheon Macroeconomics said after the release.
Meanwhile, euro zone inflation for July was confirmed at 0.4 percent year-on-year.
In the U.S., stock indexes on Wall Street traded higher on Thursday.
"We seem to be reacting now more to Europe and Russia than anything happening here," said Peter Boockvar, chief market analyst at The Lindsey Group.
Energy giant RWE closed around 1.5 percent lower, after its first-half earnings report highlighting pressure from subsidized renewable energies.
Shares of Dutch company Aegon closed around 3.5 percent down, with analysts giving a mixed review of its results.
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