06:42 AM EST, 12/06/2024 (MT Newswires) -- European bourses tracked moderately lower ways midday Friday as traders continued to monitor political developments in Paris and in Eastern Europe, and awaited the November US jobs report from Washington.

French President Emmanuel Macron has vowed to stay in his post and appoint a successor Prime Minister to the departed Michel Barnier within days. French equity indices rallied Friday, with broad measures up more than 1%.

On the continent, property stocks led gainers, while tech issues lagged.

Investors also eyed flat Wall Street futures, and choppy closes overnight on Asian exchanges.

Germany's industrial output in October fell 4.5% in October on year, and declined 1% from September, reported Destatis.

The pan-continental Stoxx Europe 600 Index off 0.2% steady mid-session.

The Stoxx Europe 600 Technology Index was off 0.2%, and the Stoxx 600 Banks Index gained 0.2%.

The Stoxx Europe 600 Oil and Gas Index was up 0.2%, and the Stoxx 600 Europe Food and Beverage Index inclined 0.3%.

The REITE, a European REIT index, rose 0.6%, and the Stoxx Europe 600 Retail Index inclined 0.1%.

On the national market indexes, Germany's DAX was up 0.2%, and the FTSE 100 in London was flat. The CAC 40 in Paris was up 1.2%, and Spain's IBEX 35 gained 0.1%.

Yields on benchmark 10-year German bonds were higher, near 2.12%.

Front-month North Sea Brent crude-oil futures were down 1% to $71.37 per barrel.

The Euro Stoxx 50 volatility index was down 1.3% to 14.81, 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.

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