Looking at individual stocks, earnings season continues to shake up sentiment, with a whole slew of corporates reporting this week.
Postnl was Europe's third best performer on the STOXX 600 after reporting higher third-quarter revenues when compared to the same period a year ago. Shares jumped almost 4.5 percent.
Sbm Offshore sank 13.8 percent after announcing a provision of $238 million to settle a U.S. probe related to "improper sales practice," Reuters reported.
Also near the bottom of the STOXX 600, Vopak dropped 6 percent after missing its third-quarter profit target and thus lowering its earnings forecast for 2017.
Elsewhere, Coloplast popped 5.4 percent. This comes after Kepler Cheuvreux raised its price target on the stock. Meanwhile, Societe Generale slipped 3.65 percent, as several brokers cut their price targets on the stock.