In the corporate space, banks was one of the few sectors to close higher. On Wednesday, shares in Greek banks saw a massive plunge. Investors fear that regulators will demand further capital. However, on Thursday, Greek lenders closed trade on positive ground, with Piraeus Bank up over 9 percent and the National Bank of Greece also closing up around 9 percent. The upbeat sentiment helped lift other European banks.
The biggest sectoral loser was household gains, tanking 3 percent overall, with a number of luxury groups dropping to the bottom of the group. Burberry, LVMH and Christian Dior all closed down 4 percent or more.
Looking across the European index, Electrocomponents jumped over 4 percent, after reporting that first-half profits jumped 27 percent from a year ago. Meanwhile, Btg rose 5.1 percent after the healthcare group upgraded its product sales guidance.
Elsewhere, shares in Danske Bank dropped 4.6 percent following news that the bank will be investigated by the U.S. Department of Justice over a money laundering scandal. Such a probe could result in a big fine.
Danish firm Ambu published an update on its 2020 strategy Thursday and upgraded its financial targets. While the group stated that is outlook for the 2017/18 year remained unchanged, shares of the firm tanked 14.7 percent.