06:34 AM EST, 02/03/2025 (MT Newswires) -- European bourses tracked lower midday Monday as traders digested US trade tariffs of 25% on Canada and Mexico, and an additional 10% on China, announced over the weekend.

Tech, bank, property, and retail issue stocks led broad-market declines.

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

In economic news, the euro area consumer price index in January is expected to post up 2.5% on the year, slightly higher than the 2.4% year-on-year rise in November, reported Eurostat.

The pan-continental Stoxx Europe 600 Index was down 1.3% mid-session.

The Stoxx Europe 600 Technology Index was off 2.2%, and the Stoxx 600 Banks Index lost 1.7%.

The Stoxx Europe 600 Oil and Gas Index was off 0.7%, and the Stoxx 600 Europe Food and Beverage Index declined 1%.

The REITE, a European REIT index, fell 1.6%, and the Stoxx Europe 600 Retail Index declined 1.4%.

On the national market indexes, Germany's DAX was down 1.6%, and the FTSE 100 in London lost 1.2%. The CAC 40 in Paris fell 1.6%, and Spain's IBEX 35 lost 1.2%.

Yields on benchmark 10-year German bonds were lower, near 2.40%.

Front-month North Sea Brent crude oil futures were up 1.4% to $76.77 per barrel.

The Euro Stoxx 50 volatility index was up 21.1% to 18.58, 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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