LONDON (The Deal) -- European stock indices edged lower on Tuesday following a mixed day in Asia even as a European Central Bank report signaled its benign monetary regime would continue.

The ECB in a paper published on its "non-standard monetary policy measures" Tuesday declared that its quantitative easing program is having the desired effect of getting banks lending. Little significant data is due out Tuesday but ECB President Mario Draghi will deliver a speech at 7:00 p.m. local time in Frankfurt and his comments will be watched for any hints of what might happen at the ECB's Dec. 3 policy meeting.

In London, the FTSE 100 inched down 0.11% to 6,355.05. In Frankfurt, the DAX slid 0.39% to 10,907.67 and in Paris the CAC 40 moved 0.07% lower to 4,912.66.

Royal Dutch Shell (RDS.A)  was up about 1% in London and Amsterdam after lifting its estimate of cost savings from its planned merger with BG Group to $3.5 billion from $2.5 billion. It will hold an investor presentation later Tuesday.

Scottish industrial machinery maker Weir Group (WEIGF)  was up more than 4% after it confirmed that it was on track to meet consensus expectations with its full-year earnings and had found £25 million ($38.5 million) of additional cost savings as it seeks to mitigate a slump in demand from mining-sector clients. 

Lender Standard Chartered (SCBFF)  fell close to 6% as it announced plans to raise £3.3 billion through a share sale and announced a restructuring program put together by recently arrived CEO Bill Winters involving businesses with risk-weighted assets of $105 billion, or a third of the total. It also said it won't be paying a final dividend.

Associated British Foods, which recently opened the first branch of its fashion chain Primark in Boston, was down about 1% after announcing that falling food commodities and exchange rate fluctuations pushed down full-year revenue and earnings.

Swiss bank UBS (UBS) - Get Report  was down more than 3% in Zurich after postponing until 2017 a 15% return on tangible equity target because of stricter capital rules and global economic conditions. It changed the prognosis as it reported third-quarter earnings ahead of consensus expectations.

In Paris, shopping mall owner Klepierre was down more than 3% after BNP Paribas sold its 6.5% stake.

In Sydney, the S&P/ASX 200 closed up 1.42% at 5,239.22 .The Reserve Bank of Australia left benchmark interest rates unchanged at 2%. 

In Hong Kong the Hang Seng rose 0.89% to 22,568.43, though on mainland China the Shanghai Composite closed down 0.25% at 3,316.695.

Japanese markets were closed for the Culture Day public holiday.