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Trump-Fed Outlook Dulls European Bourses Midday

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Last updated: 04/22/2025 07:41:24

07:41 AM EDT, 04/22/2025 (MT Newswires) -- European bourses tracked moderately lower midday Tuesday as traders weighed overnight comments by US President Donald Trump that the Federal Reserve needs new leadership, and an easier monetary policy.

Property and retail shares gained, while tech and food issues lagged.

Investors also eyed Wall Street futures signaling green, but choppy closes overnight on Asian exchanges.

Headline consumer price inflation in the Eurozone is expected to log at 2.2% in 2025, according to the European Central Bank's Survey of Professional Forecasters. Inflation is projected post at 2% in 2026, within the ECB's target rate for inflation.

The pan-continental Stoxx Europe 600 Index was off 0.6% mid-session.

The Stoxx Europe 600 Technology Index was off 1.4%, but the Stoxx 600 Banks Index gained 0.1%.

The Stoxx Europe 600 Oil and Gas Index was off 0.5%, and the Stoxx 600 Europe Food and Beverage Index declined 0.9%.

The REITE, a European REIT index, rose 0.5%, and the Stoxx Europe 600 Retail Index inclined 0.6%.

On the national market indexes, Germany's DAX was down 0.6%, and the FTSE 100 in London was up 0.1%. The CAC 40 in Paris was off 0.7%, and Spain's IBEX 35 lost 0.1%.

Yields on benchmark 10-year German bonds were steady, near 2.46%.

Front-month North Sea Brent crude-oil futures were up 1.1% to $67.02 per barrel.

The Euro Stoxx 50 volatility index was up 2.8% to 26.93, 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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