Basic resources led the losses Thursday, ending the day down 2.44 percent. Several miners posted sharp declines on the back of a drop in metal prices, with nickel dropping over 2.5 percent by the market close.
ArcelorMittal's shares meanwhile slumped 3.4 percent after EU anti-trust regulators said they would investigate whether its proposed purchase of Italian steel plant Ilva would lead to price hikes, Reuters reported.
While all sectors finished lower, Europe's banking index saw some of its stocks rise during trade. Germany's Commerzbank posted a net profit in the third quarter as the lender continued to focus on a major overhaul. Its shares popped 2.35 percent higher on the news.
Several Italian banks closed sharply higher, with BPER Banca jumping 9.9 percent, after it strengthened its core capital ratio during its third quarter, Reuters reported. Insurer Aegon also rose sharply, finishing up 4.8 percent, after third quarter underlying pretax profit beat market expectations.