Banks traded higher after the European Central Bank left its key rate on hold at 0.75%.
Deutsche Bank declined 0.3% to 37.08 euros and the company is said to fire five employees including two managing directors for attempting to manipulate Libor rate.
Credit Suisse increased 4%, BNP Paribas gained 0.7% and Societe Generale SA added 1.3%. Credit Agricole added 1%. UniCredit SpA increased 1.5% and Banco Monte dei Paschi de Siena SpA soared 6%.
Alcatel SA increased 3% to 1.32 euros after surging as much as 10% after chief executive Ben Verwaayen resigned after his nearly five-year effort to revive sales at the company.
The maker of telecom electronics components reported a net loss of 1.37 billion euros and also booked 1.4 billion euros in asset impairment charges.
Burberry Group Plc dropped 5% to 1,355 pence after the company made executive changes. Carol Fairweather will replace Stacey Cartwright as chief financial officer. John Smith will assume the office of chief operating officer.
Compass Group Plc increased 1.5% to 777 pence after the airline caterer reported higher than expected growth in sales in the first quarter.
Sanofi decreased 2.3% to 67.80 euros after the drug maker estimated earnings per share may drop as much as 5% on higher competition from generic drug makers for its blood thinner product Plavix.
Statoil SA increased 2% to NK147 reported fourth quarter adjusted net income of NK15.1 billion or nearly $2.8 billion.
Vodafone Plc increased 2% to 173.7 pence after the mobile telecom operator reiterated its estimate for adjusted operating income for the year ending in March between 11.1 billion and 11.9 billion pounds.