The pan-European Stoxx 600 closed down 0.36 percent provisionally with most sectors in negative territory. Health care and travel and leisure stocks led the losses in Europe, with both sectors down more than 1 percent.



Britain's Whitbread reported a first-half pretax profit rise of 6.7 percent as it added more Premier Inn rooms and opened extra Costa coffee outlets. Despite the profit rise in the first six months of the year, the U.K.'s biggest hotel and coffee shop operator slumped towards the bottom of the benchmark Tuesday, closing down almost 5 percent.

Italian oil services firm Saipem meanwhile said it had returned to profit, reporting a net profit of 53 million euros in the third quarter. Chief Executive Stefano Cao told analysts the market outlook remained challenged, according to Reuters. The news sent shares of the firm up more than 10 percent.



Swedish defense firm Saab posted earnings Tuesday, reporting that bookings and profits were above market forecasts in the third quarter. The company said it had been further aided by increases in defense spending and growing investments in civil security. Its shares closed up 4 percent.

On Wall Street, the Dow Jones industrial average rose sharply on the back of strong quarterly results from 3M and Caterpillar.