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Europe ends in the green; Vodafone up 5.3%

European stocks ended the day in the green on Tuesday, after fluctuating throughout the day.

The pan-European FTSEurofirst 300 provisionally closed up around 0.3 percent at 1,358.55 points, with all major indexes ending flat-to-higher. Spain's benchmark IBEX lead the gainers, closing up approximately 0.7, while the U.K's FTSE 100 ended around 0.2 percent higher.

Read MoreVodafone nudges outlook higher as trading improves

In the U.S., stocks crept higher, with benchmarks setting intraday records, even as investors found little impetus to move decisively in one direction or the other.

Read MoreStocks drift up to intraday records; Alibaba falls

Earlier in the day, Philadelphia Federal Reserve President Charles Plosser expressed concern over low interest rates in the U.S., which he said are unprecedentedly low. "There are many indicators that tell us interest rates are too low," Plosser, who is one of the Fed's most outspoken "hawks", told CNBC.

Read MoreFed's Plosser: Low rates 'should make us nervous'

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Price
 
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FTSE
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DAX
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CAC
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IBEX 35
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Moller-Maersk shares slide

Vodafone was the top gainer on the FTSE 100 and the FTSEurofirst 300 after the group nudged its full-year earnings forecast higher after reporting a sharp improvement in quarterly revenue. Faced with competition from entertainment groups and fixed-line providers, Vodafone said it plans to launch a broadband and TV service in its home market. Shares ended around 5.3 percent higher.

German consumer goods group Henkel also performed well, with shares climbing to close 4.5 percent higher after it upped its margin forecast, despite the tension in Russia.

In the red were shares of Moller-Maersk, which closed down around 3.5 percent, after it reported third-quarter revenue that missed expectations.

Pandora stock plunged over 6.5 percent, despite reporting better-than-expected third-quarter earnings and lifting its revenue expectations. Analysts told Dow Jones newswire that the market had "come to expect" higher-than-consensus results from the company.

In the, U.K. retail sales were flat in October when compared with like-for-like sales the same time a year ago, as unseasonably warm weather hit fashion retailers and food sales continued to plummet.

Sainsbury's is forecast to scrap plans of new supermarket openings and cut its dividend when it lays out its plan to deal with the battle in the U.K. supermarkets space in its earnings report on Wednesday. Shares in grocer ended over 5.5 percent higher, while rival Tesco fell around 1.5 percent before recovering to end around 1 percent higher.

German fears

In Europe, investors are looking ahead to Germany's much anticipated third-quarter gross domestic product (GDP) data, due out on Friday, which will show whether the euro zone's largest economy has contracted for a second consecutive quarter and entered technical recession territory.

The chair of the German Banking Association, Juergen Fitschen, told CNBC on Monday that it was "undeniable that we have slowed down recently."

Read MoreFears of German recession as moment of truth looms

Asian equity markets were mixed on Tuesday following another record close on Wall Street, with Japanese markets outperforming the region.

- By CNBC.com staff