Most stock indices traded higher on hopes for a possible debt deal between Greece and its international creditors. The euro group of finance ministers will meet in Brussels on Wednesday. Greece's Finance Minister Yanis Varoufakis is expected to present new reform proposals.

Industrial production in France climbed 1.5% in December, exceeding expectations for a 0.3% gain, after a 0.2% drop in November. November's figure was revised up from a 0.3% decline.

The U.K. GDP estimate by NIESR rose to 0.7% in three months to January, up from 0.5% in the fourth quarter of 2014.

The increase was driven by growth in services.

Manufacturing production in the U.K. rose 0.1% in December, missing expectations for a 0.3% rise, after a 0.8% increase in November. November's figure was revised up from a 0.7% gain.

On a yearly basis, manufacturing production in the U.K. increased 2.4% in December, beating expectations for a 2.0% gain, after a 3.0% rise in November. November's figure was revised up from a 2.7% increase.

Industrial production in the U.K. decreased 0.2% in December, missing forecasts of a 0.3% rise, after a flat reading in November. November's figure was revised up from a 0.1% decrease.

The decline was driven by falls in mining and energy sectors.

On a yearly basis, industrial production in the U.K. rose 0.5% in December, missing expectations for a 0.8% increase, after a 1.1% gain in November.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,829.12 -8.03 -0.12%

DAX 10,753.83 +90.32 +0.85%

CAC 40 4,695.65 +44.57 +0.96%