Europe's basic resources was one of the best performing sectors Monday, rising 0.85 percent amid renewed optimism of a potential breakthrough in U.S.-Sino trade negotiations later this week. The only sector to come under slight pressure was utilities, which closed just below the flatline overall.
Looking at individual stocks, Vopak leaped to the top of the European benchmark, following the announcement of a 0.5 percent sulfur bunker deal with Maersk that meets international targets aimed at capping marine sulfur. Vopak shares climbed 4.5 percent, while Maersk jumped almost 3 percent.
Software firm Sage tumbled to the bottom of the STOXX 600 by the close, shortly after Deutsche Bank downgraded its stock recommendation for the firm to "sell." Its shares slipped 7 percent lower on the news.
Atlantia shares tumbled, amid ongoing concerns over its toll motorway operator Autostrade per L'Italia's role in the Genoa bridge collapse. Italian Interior Minister Matteo Salvini on Sunday said that the government was to go ahead with withdrawing Autostrade's toll road operating concessions. The stock was the worst performing large cap in Europe during parts of Monday's session, closing the day down over 4.5 percent.
Meanwhile, shares of luxury fashion firm Mulberry tanked after it issued a profit warning over the collapse of iconic U.K. retailer House of Fraser. The stock plummeted 29.7 percent on London's AIM exchange.