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Russia-Ukraine Partial Ceasefire, Fed Policy Views Limit European Bourses Midday

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Last updated: 03/19/2025 07:47:00

07:47 AM EDT, 03/19/2025 (MT Newswires) -- European bourses tracked evenly midday Wednesday as traders weighed Russian President Vladimir Putin's apparent rejection of a Trump Administration-sponsored full ceasefire in the Ukraine war, and awaited the pending rate decision from the US Federal Reserve.

Tech and oil stocks gained, while retail shares lagged.

Investors also eyed Wall Street futures signaling green but mixed and muted closes overnight on Asian exchanges.

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

The Stoxx Europe 600 Technology Index was up 0.6%, while the Stoxx 600 Banks Index was 0.1% lower.

The Stoxx Europe 600 Oil and Gas Index was up 0.5%, while the Stoxx 600 Europe Food and Beverage Index was flat.

The REITE, a European REIT index, was down 0.1%, and the Stoxx Europe 600 Retail Index was 0.2% lower.

On the national market indexes, Germany's DAX was down 0.4%, and the FTSE 100 in London was 0.2% lower. The CAC 40 in Paris was up 0.5%, and Spain's IBEX 35 was 0.1% higher.

Yields on benchmark 10-year German bonds were lower, near 2.79%.

Front-month North Sea Brent crude-oil futures were down 0.1% at $70.48 per barrel.

The Euro Stoxx 50 volatility index was down 0.7% at 18.23, 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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