The pan-European Stoxx 600 index closed provisionally up around 0.8 percent, with most sectors and major bourses in positive territory.

Europe's utilities and household goods were among the top performers, with each sector up more than 1 percent as investors flocked to stocks considered safe at times of economic uncertainty.

Looking at individual stocks, wind turbine maker Siemens Gamesa was among the top performers Tuesday following the release of its financials. The firm, formed by a merger between Spain's Gamesa and Germany's Siemens, reported net profit amounting to 18 million euros ($21 million), versus a 35 million euro loss the previous year. Shares rose over 13 percent.

Germany's SAP dipped into negative territory after the technology company released its latest earnings results. Europe's most valuable tech firm said it would take restructuring charges of 800-950 million euros, mainly in the first quarter. The stock fell almost 3 percent.

Meanwhile, Britain's Royal Mail tumbled to the bottom of the European benchmark after it narrowed its profit view for the year. The London-listed firm saw shares plunge almost 14 percent on the news.

On the data front, Spain's unemployment rate dropped to its lowest level in a decade during the final three months of 2018. Official data published Tuesday morning showed that more jobs in agriculture and construction helped the unemployment rate fall to 14.45 percent from 14.55 percent in the previous quarter.