Looking at the corporate space, stocks showed a mixed to positive picture with the retail sector leading the pack, up over 1.5 percent as a whole. France's Carrefour topped Europe's benchmarks after an upbeat earnings report, which saw the retailer express optimism for its strategy plan going forward. Shares jumped nearly 7 percent.
Sticking with the sector, Ahold Delhaize popped over 3 percent after it reported fourth-quarter sales in line with analyst expectations. Elsewhere, Logitech jumped almost 6 percent on Wednesday, after JP Morgan upgraded its rating and price target on the stock.
On the opposite end of the STOXX 600, British lender Metro Bank tanked nearly 39 percent after it cautioned that its growth had softened in the final quarter. The weakness from Metro Bank added pressure to the FTSE 100, which under-performed fellow markets, falling almost 1 percent.
Meanwhile, shares of Deutsche Bank pared losses to trade higher in later trade, despite a report from Bloomberg stating that the U.S. Federal Reserve is investigating the German lender's role in a Danske Bank money laundering scheme. The bank has since responded to this, saying in a statement to Reuters that it's received requests for information from regulators and law enforcement agencies.