Looking at individual stocks, Steinhoff shares jumped 24.36 percent after three sessions in the red, due to an accounting scandal. Investec said Monday that although it has credit exposure to the South African retailer, it doesn't expect any losses from the accounting scandal.
The CEO of Mediaset, Pier Silvio Berlusconi told news firm Corriere della Sera over the weekend that he hoped the shared interest over TV content with Telecom Italia could lead to a truce with rival firm Vivendi; Reuters reported. On Monday, Vivendi popped 2.7 percent.
Inmarsat meantime tumbled over 8 percent after Goldman Sachs downgraded its rating on the stock to "neutral" from "buy".
Looking overseas, U.S. equities posted minor gains around Europe's close. In morning trade, investors were keeping a close eye on the news, after an explosion near New York City's Times Square on Monday.
A senior New York City Police Department official said that one person was placed in custody following the incident. Police added that the person in custody had sustained a minor injury. The suspect, was identified as Akayed Ullah, with the NYPD confirming that it is believed a crude bomb was detonated in Port Authority. He and three others suffered injuries that are not life threatening, the NYPD said.