This is CNBC's live blog covering European markets.

European stocks were mixed Tuesday as the first crop of third-quarter earnings start to roll in.

The regional Stoxx 600 index was 0.16% lower at 10 a.m. London time, though Germany's DAX held slightly above the flatline, touching a record high.

Sectors were spread between losses and gains, with travel stocks up 1.3% as oil and gas stocks tracked the oil market lower, retreating 3%.

Telecoms stocks posted a 1.34% rise, driven by Sweden's Ericsson, which jumped 8.4%. The equipment maufacturer beat consensus earnings forecasts for the third quarter, despite a 4% fall in year-on-year sales.

British homebuilder Bellway topped Stoxx 600 gains, rising 7.4%, after posting year-end results in which it said it expected a "material increase in volume output" for the next financial year due to improved trading conditions.

The cautious start for Europe comes after gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 reach new intraday highs and record closes. Dow Jones Industrial Average futures were near flat Monday night.

Asia-Pacific markets were mixed overnight, but regional chip stocks rose, boosted by Nvidia's share price rising 2.4% Monday before closing at a record high.

On the data front, the U.K.'s statistics agency said average wages excluding bonuses rose 4.9% year on year across June to August, cooling slightly from 5.1% in May to July and meeting the forecast in a Reuters poll of economists.

Earnings including bonuses hit a more than two-year low of 3.8%.

Analysts noted it was the last snapshot of wage pressures before the Bank of England next meets to decide monetary policy, and appeared suportive of a potential rate cut. Market pricing currently puts around an 83% probability on another 25-basis-point rate reduction in November.

Oil and gas stocks trade lower after IEA says oil market facing 'sizeable surplus'

Oil and gas stocks were 3% lower at 9:45 a.m. in London, after the International Energy Agency said the oil market was facing a "sizeable surplus" next year.

In its monthly report, published Tuesday, the IEA said heightened oil supply security concerns due to Middle East tensions were playing out against a global market that "looks adequately supplied."

"OPEC+ spare production capacity stands at historic highs, barring the exceptional period of the Covid-19 pandemic... global oil stocks provide a further buffer," it said.

"For now, supply keeps flowing, and in the absence of a major disruption, the market is faced with a sizeable surplus in the new year."

The agency forecasts world oil demand will expand by just under 900,000 barrels a day in 2024 and by 1 million barrels a day in 2025, down from the 2 million barrels a day recorded across 2022 to 2023.

Oil prices fell Tuesday as investors also considered a report in the Washington Post that eased fears that Israel might attack Iranian oil facilities.

— Jenni Reid

UK wage data supportive of Bank of England rate cut, analysts say

The U.K. labor market snapshot released by the Office of National Statistics on Tuesday is broadly supportive of a Bank of England rate cut in November, according to analysts.

Wage growth met forecasts and slowed to the lowest level in more than two years, while the jobs market was relatively stable, with unemployment dipping to 4% from 4.1%.

"The gradual cooling of the U.K. labour market continues, with wage growth easing further and vacancies continuing to trend down. There's little in the figures to change expectations of a steady pace of interest rate cuts from the Bank of England over coming months," Jack Kennedy, senior economist at Indeed, said in a note.

The BOE cut rates by 25 basis points in August and held them steady in September. Markets are pricing in an 83% probability of a November rate cut as of Tuesday morning.

Ashley Webb, U.K. economist at Capital Economics, said the ONS figures added "further support" to expectations of a rate cut to 4.75% from 5% next month. Thomas Pugh, economist RSM UK, said the door would be "wide open" for a November cut as long as inflation figures — due out Wednesday — fall as expected.

"We expect private sector pay growth to slow gradually over the rest of this year, that would give the [Monetary Policy Committee] ample cover to cut rates again towards the end of the year, probably in November," Pugh said.

"What happens after December is likely to be influenced by the budget, a more expansionary budget using debt funding to boost investment may mean the MPC opts to cut rates quarterly rather than sequentially."

The U.K.'s Labour government is due to deliver its first budget at the end of October.

— Jenni Reid

Ericsson shares jump 9% after profit beat as CEO flags 'gradual recovery'

Shares of Swedish telecom equipment manufacturer Ericsson were 9% higher at 8:24 a.m. London time after the company's third-quarter results beat sales and earnings forecasts in an LSEG-compiled poll.

"This has been a challenging market for various reasons for quite some time, but we have also taken a lot of actions to start to adjust the way we operate, our internal priorities, how we work with customers, et cetera. And all of that is coming through, so we're starting to see a gradual recovery," Ericsson CEO Börje Ekholm told CNBC's "Squawk Box Europe" on Tuesday.

The company's annual sales fell 1% year on year on an organic basis. Ekholm said the decline is "much lower than it's been before," a sign that the market is "stabilizing."

"North America was the first to roll out 5G and of course, they were also the first to therefore slow down the pace, but they are now coming back. So I think it feels a bit of optimism that we can see coming here," he said.

Ericsson reported 55% sales growth in North America for the quarter, which Ekholm said had been boosted by the large AT&T contract it secured late last year.

— Jenni Reid

Europe stocks open higher

European stocks opened broadly higher Tuesday, with the Stoxx 600 index up by 0.34% at 8:15 a.m. in London.

However, major bourses were mixed, with Germany's DAX up 0.52% as France's CAC 40 and the U.K.'s FTSE 100 fell by 0.13% and 0.08%, respectively.

— Jenni Reid

UK wage growth in line with expectations at 4.9%; monthly median pay falls

Average U.K. wages excluding bonuses rose 4.9% annually in the June to August period, in line with the forecast in a Reuters poll and down from 5.1% in May to July.

The Office for National Statistics said growth in earnings including bonuses was 3.8%, but noted annual rates were affected by one-off health and civil service payments made over the summer.

According to the ONS' flash estimate, median monthly pay in September was £2,397 ($3,126), up 5.3% year on year but a dip from £2,413 the previous month.

The number of payrolled employees was "largely unchanged" in September on the previous month, it said.

— Jenni Reid

Ericsson third-quarter sales decline but profit beats forecast

Sweden's Ericsson reported a 4% year-on-year decline in net sales for the third quarter, as 55% growth in North America — where it provides 5G network equipment — failed to pull up declines in other markets.

The telecom manufacturer posted adjusted core earnings of 7.3 billion Swedish kronor ($699 million), a swing from the 28 billion krona loss in the same period the year before. Earnings were also ahead of the 5.75 billion kronor forecast in an LSEG poll of analysts, according to Reuters.

Sales were 9% lower across the first nine months of the year for the company, which has announced a new strategy and job cuts this year as 5G spending wanes.

— Jenni Reid

Netflix and more: Jefferies names stocks set to benefit from a $60 billion anime boom

The popularity of anime — or animation produced in Japan — has boomed in recent years, and several global entertainment companies are leading in, according to Jefferies.

"Many companies are now positioning anime-related businesses as core to their growth strategies," the investment bank's analysts said in an Oct. 9 equity research note.

Looking ahead, they expect the market to double from $31.2 billion in 2023 to $60.1 billion by 2030, based on estimates from Grand View Research.

CNBC Pro subscribers can click here to read more on three stocks Jefferies expects to benefit.

— Amala Balakrishner

Nvidia notches fresh record closing high

Nvidia shares ended Monday's session at an all-time closing high, bringing the chipmaker's market cap above $3.4 trillion.

The stock jumped 2.4% to finish the session at $138.07, beating its prior closing high of $135.58 seen June 18. Shares are now up more than 178% in 2024 alone as the artificial intelligence boom continues taking Wall Street by storm.

Nvidia is the second-most valuable publicly traded U.S. company. It's currently behind Apple, which has a market cap of about $3.55 trillion.

— Alex Harring, Kif Leswing

European markets: Here are the opening calls

European markets are expected to open in mixed territory Monday.

The U.K.'s FTSE 100 index is expected to open 12 points lower at 8,240, Germany's DAX down 7 points at 19,351, France's CAC down 12 points at 7,568 and Italy's FTSE MIB up 6 points at 34,144, according to data from IG.

There are no major earnings or data releases Monday.

— Holly Ellyatt