08:08 AM EDT, 09/03/2024 (MT Newswires) -- European bourses tracked moderately lower midday Tuesday as global financial markets stumbled into September, a historically difficult month for stock and bond markets alike.

Easing commodities prices, including that of crude oil, possibly signaled softening demand.

Bank and oil stocks pulled markets lower, while food issues bucked trends and gained.

Investors also eyed Wall Street futures signaling red, and solidly lower closes overnight on Asian exchanges.

Switzerland's consumer price index rose 1.1% in August on year, slower than the 1.3% rise in July and was unchanged from July, the Federal Statistical Office reported.

The pan-continental Stoxx Europe 600 Index was off 0.4% mid-session.

The Stoxx Europe 600 Technology Index was off 0.7%, and the Stoxx 600 Banks Index lost 1.4%.

The Stoxx Europe 600 Oil and Gas Index was off 1.5%, but the Stoxx 600 Europe Food and Beverage Index inclined 0.2%.

The REITE, a European REIT index, fell 1.1%, but the Stoxx Europe 600 Retail Index was steady.

On the national market indexes, Germany's DAX was down 0.3%, and the FTSE 100 in London was down 0.5%. The CAC 40 in Paris was off 0.3%, and Spain's IBEX 35 lost 0.7%.

Yields on benchmark 10-year German bonds were steady, near 2.33%.

Front-month North Sea Brent crude-oil futures were down 2% to $75.94 per barrel.

The Euro Stoxx 50 volatility index was up 3.5% to 15.95, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges. The volatility index had notched over the 30-marker in late September.

http://www.mtnewswires.com
Copyright © 2024 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.