Among individual stocks, Italy's Campari was the top gainer on the STOXX 600 index, adding 8.6% after reporting an increase in second-quarter operating profit. British Airways owner IAG gained 2.1% after reporting better-than-expected quarterly earnings on continued demand for transatlantic routes.

European shares closed at a more than one-week low on Thursday, as investors were disappointed by a series of corporate reports from the likes of Sanofi and Ferrari, while beverage makers slid as they were faced with a 15% U.

Investors remain somewhat calm after the latest decisions made by the White House and focus on recent corporate earnings. The day has arrived. August 1 was the self-imposed deadline by the White House to close a global tariff agreement,