German consumers wary
A German consumer climate survey showed a fall in morale for the first time in more than 1-and-a-1/2 years. Forward-looking data from market research group GfK showed consumer confidence at 8.6 in September, down from 8.9 in August.
Read MoreGerman shoppers grow wary, consumer morale drops
In stock news, shares of Asos surged to close over 19 percent higher after unconfirmed reports that the online retailer was receiving interest from a U.S. bidder.
Telecom firms rose to the top of benchmarks on reports that Brazil's Grupo Oi might buy the Brazilian unit of Telecom Italia. Telecom Italia's shares closed up around 3.2 percent.
Grupo Oi's partner Portugal Telecom was also boosted, with its shares closing sharply higher by around 6.3 percent. This in turn boosted the benchmark Portuguese PSI 20, which closed up nearly 2 percent.
U.S. stocks wavered on Wednesday, a day after the S&P 500's first close above 2,000.
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