06:42 AM EST, 11/29/2024 (MT Newswires) -- European bourses tracked sideways midday Friday as traders weighed easing bond yields, but awaited clarity on Middle East geopolitical developments and war in Eastern Europe.
Property stocks inched higher, while other equity-sector indices were muted.
Investors also eyed Wall Street futures signaling green but choppy closes overnight on Asian exchanges.
In economic news, euro area inflation is expected to log at 2.3% on year in November, up from 2.0% in October, reported Eurostat.
The pan-continental Stoxx Europe 600 Index was steady mid-session.
The Stoxx Europe 600 Technology Index was flat, and the Stoxx 600 Banks Index lost 0.1%.
The Stoxx Europe 600 Oil and Gas Index was stable but the Stoxx 600 Europe Food and Beverage Index declined 0.2%.
The REITE, a European REIT index, rose 0.2% but the Stoxx Europe 600 Retail Index was steady.
On the national market indexes, Germany's DAX was flat, and the FTSE 100 in London was down 0.1%. The CAC 40 in Paris was steady, and Spain's IBEX 35 lost 0.3%.
Yields on benchmark 10-year German bonds were lower, near 2.11%.
Front-month North Sea Brent crude-oil futures were down 0.7% to $72.31 per barrel.
The Euro Stoxx 50 volatility index was down 1.3% to 17.38, 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.
http://www.mtnewswires.com
Copyright © 2024 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.