Here is a round-up of the news out of Europe:
Tesco faces a fresh investor suit over a 2014 accounting scandal. The supermarket is already fighting a £100 million claim that was filed in October 2016.
Santander (SAN) posted fourth-quarter results well above expectations. The Spanish lender reported profits of €1.6 billion.
Novartis (NVS) missed its fourth-quarter earnings estimate. The company is mulling a spinoff of its eye care unit Alcon.
Deutsche Bank's (DB) shares hit a 52-week high. Shares soared after speculation that the bank will sell its asset management unit.