Also on Friday, copper prices fell to their lowest levels since 2009, after a widely followed index of Chinese economic activity came in at a 15-month low for July.
Gold also slumped during trade, falling over 1 percent to its lowest since early 2010 on Friday. However, it pared some losses by the close of European trade.
Read MoreGold could plunge to $1,000 quicker than you think
In other earnings news, Thales shares surged to the top of the Stoxx 600, finishing up 7.5 percent, after the company reported first half profits that beat market expectations.
Vodafone, one of the world's biggest telecoms companies, announced better-than-expected sales Friday as its 4G plans grow. This sent shares in the company almost 4 percent higher after the open. Paring gains, the firm closed around 2.8 percent higher.
However, Aggreko shares tanked over 12 percent after the power company said warned that its full-year results could fall short of market expectations.