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Trade, Earnings Cap European Bourses Midday

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Last updated: 02/04/2025 07:06:44

07:06 AM EST, 02/04/2025 (MT Newswires) -- European bourses tracked evenly midday Tuesday as traders digested the Trump Administration's evolving trade policies, and weighed earnings reports.

Tech stocks led gainers, while oil and property issues lagged.

Investors also eyed Wall Street futures signaling red, but higher closes overnight on Asian exchanges, led by a rally in Hong Kong-listed tech shares.

The pan-continental Stoxx Europe 600 Index was steady mid-session.

The Stoxx Europe 600 Technology Index was up 1.1%, and the Stoxx 600 Banks Index gained 0.3%.

The Stoxx Europe 600 Oil and Gas Index was off 0.8%, but the Stoxx 600 Europe Food and Beverage Index declined 0.4%.

The REITE, a European REIT index, fell 0.4%, but the Stoxx Europe 600 Retail Index was flat.

On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London was down 0.2%. The CAC 40 in Paris was up 0.3%, and Spain's IBEX 35 gained 0.8%.

Yields on benchmark 10-year German bonds were higher, near 2.41%.

Front-month North Sea Brent crude-oil futures were down 1.2% to $75.08 per barrel.

The Euro Stoxx 50 volatility index was down 1% to 17.03, 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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