Most stock indices closed higher on the better-than-expected Ifo figures from Germany. German Ifo business climate index rose to 104.7 in November from 103.2 in October, beating expectations for a decline to 103.0.

Investors speculate that the European Central Bank (ECB) is moving closer to launch the quantitative easing programme after the ECB President Mario Draghi said on Friday the central bank is prepared to add further stimulus measures if needed.

Germany's Bundesbank President Jens Weidmann expressed doubt at a conference in Madrid on Monday that a potential government bond-buying program would be sufficient to boost the economy in the Eurozone.

The European Central Bank confirmed on Monday that it bought €2.238bn in covered bonds over the previous week.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,729.79 -20.97 -0.31%

DAX 9,785.54 +52.99 +0.54%

CAC 40 4,368.44 +21.21 +0.49%