On the sector front, travel and leisure stocks led the losses Monday, finishing down 0.75 percent provisionally, amid reports of a fixed-odds betting limit in Britain. London-listed gambling companies such as William Hill and Ladbrokes Coral slumped to the bottom of the benchmark.
The stake on gambling machines in British betting shops could be cut to £2 ($2.78) in an effort to tackle the risks associated with problem gamblers, The Sunday Times reported, citing an ally of Culture Secretary Matt Hancock. Shares of Ladbrokes Coral fell 7.9 percent, while William Hill tumbled 11.63 percent.
On the opposite end, telecoms and banks both closed above 1 percent each as a sector. Deutsche Telekom and Orange both finished more than 2 percent higher, after a report by France's Le Monde said that the two telecom companies had held merger discussions during the course of 2017, Reuters reported.
Looking to Europe's banks, Barclays rose 4.33 percent after the Financial Times reported over the weekend that hedge fund Tiger Global Management had invested over $1 billion in the U.K. lender.