The European stock markets closed mostly lower in Tuesday trading as Germany's DAX slipped 0.64%, France's CAC decreased 0.18%, the Stoxx Europe 600 lost 0.39% the Swiss Market Index shed 0.40%, while the FTSE 100 was up 0.10%.

In the UK, the unemployment rate rose to 4.8% in the three months to August from 4.7% in the previous three-month period, according to data from the Office for National Statistics.

The eurozone's economic sentiment index dropped to 22.7 points in October from 26.1 points in September, according to data from research institute ZEW.

And in corporate news, Swedish telecommunications company Ericsson said its Q3 earnings rose to 3.33 Swedish kronor ($0.35) per diluted share from 1.14 kronor and net sales fell to 56.24 billion kronor from 61.79 billion kronor a year earlier.

Shares of Ericsson advanced 18% in Stockholm.

Ericsson entered a five-year deal to modernize Vodafone's mobile networks in certain markets, the companies said Tuesday.

Ericsson will serve as Vodafone's sole radio access network technology vendor in Ireland, Netherlands and Portugal, while being a major vendor in Germany, Romania and Egypt. Vodafone will deploy Ericsson's advanced 5G hardware and software to improve performance and energy efficiency.

Separately, Vodafone said Tuesday the network disruption that affected its broadband, 4G and 5G services on Monday afternoon was caused by a "non-malicious software issue" with one of its vendor partners. Vodafone also told MT Newswires that the issue has been resolved and its network has fully recovered.

Shares of the British telecommunications group were up 0.9% in London.

BP said Tuesday it now expects upstream output to be higher in Q3 compared with the prior quarter. That compares with its August forecast of slightly lower upstream production in Q3 compared with Q2.

BP also said it expects higher output in both the oil production and operations segment, driven by higher gas production at its US onshore oil and gas business bpx energy, as well as in gas and low carbon energy.

Shares of the British oil and gas company were down over 1% in London.

Stellantis had its outlook lowered to negative from stable by Moody's Ratings, reflecting what the rating agency said is "a weak operating performance combined with the uncertainty regarding the timing and magnitude of the company's profitability recovery and its return to positive free cash flow generation. The company's long-term issuer and senior unsecured debt ratings were affirmed at Baa2.

Shares of the automaker declined 4.9% in Paris.