German online retailer Zalando ZALG.DE extended losses for a second session, down 6.2pc, after recording its first ever decline in quarterly sales.
US stocks fell sharply on Thursday as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike this week would not be enough to tame surging inflation.
"I can't help but think that a great deal of the reaction yesterday was the appreciation that whilst the Fed can make soothing pronouncements, they are starting from an extraordinary difficult starting point, and with limited flexibility to respond to market or economy concerns whilst they fight inflation," Deutsche Bank strategist Jim Reid said in a note.
US monthly jobs data, due later in the day, will likely offer more clues on labour market strength and signs of wage pressures, factors that could impact monetary policy expectations.
Meanwhile, a recession warning from the Bank of England weighed on UK stocks.
Oil & gas stocks .SXEP were among the few gainers in Europe, up 0.7pc, as crude prices traded above $110 a barrel ahead of an impending European Union embargo on Russian oil.
Among other companies that reported, ING Groep NV INGA.AS, the largest Dutch bank, fell 3.1pc as it reported a worse-than-expected quarterly net income, including a surge in provisions for bad loans due to its exposure in Russia and Ukraine.
Danish medical device maker Ambu AMBUb.CO tumbled 13.9pc after providing a downbeat forecast for full-year earnings due to supply-chain issues and hospital labour shortages.
Spanish pharmaceuticals company Grifols GRLS.MC gained 8.4pc as it reported the volumes of blood plasma it collected reached pre-pandemic levels in the first quarter.