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Trade Outlook Elevates European Bourses Midday

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Last updated: 04/15/2025 07:40:25

07:40 AM EDT, 04/15/2025 (MT Newswires) -- European bourses tracked solidly higher midday Tuesday after media reports suggested some moderation in Washington tariff policies, and as traders sought bargains after recent sell-offs.

Retail, property, tech and bank stocks led gains, while food-sector shares lagged.

Investors also eyed Wall Street futures modestly signaling green, and higher closes overnight on Asian exchanges.

In economic news, seasonally adjusted industrial production in the Eurozone rose 1.1% in February from January, reported Eurostat. For the broader European Union (EU), output rose 1% in February, on month.

Year-over-year in February, industrial output increased 1.2% in the euro area and 0.6% in the EU.

The pan-continental Stoxx Europe 600 Index was up 1% mid-session.

The Stoxx Europe 600 Technology Index was up 1.5%, and the Stoxx 600 Banks Index gained 1.9%.

The Stoxx Europe 600 Oil and Gas Index was up 0.9%, but the Stoxx 600 Europe Food and Beverage Index was flat.

The REITE, a European REIT index, rose 1.8%, and the Stoxx Europe 600 Retail Index inclined 3.2%.

On the national market indexes, Germany's DAX was up 0.9%, and the FTSE 100 in London was up 0.8%. The CAC 40 in Paris was up 0.3%, and Spain's IBEX 35 gained 1.1%.

Yields on benchmark 10-year German bonds were higher, near 2.54%.

Front-month North Sea Brent crude-oil futures were down 0.5% to $64.58 per barrel.

The Euro Stoxx 50 volatility index was down 10.7% to 26.63. but still indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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