07:52 AM EDT, 04/24/2025 (MT Newswires) -- European bourses tracked largely sideways midday Thursday after overnight comments from Beijing, and from US Treasury Secretary Scott Bessent, that indicated little progress in the potential trade negotiations between the US and China.

In European markets, property and oil stocks gained, while bank issues lagged.

Investors also eyed tepid Wall Street futures, and uneven closes overnight on Asian exchanges.

In economic news, Germany's Business Climate Index rose to 86.9 in April from 86.7 last month, reported the Institute for Economic Research (Ifo).

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

The Stoxx Europe 600 Technology Index was off 0.3%, and the Stoxx 600 Banks Index lost 0.9%.

The Stoxx Europe 600 Oil and Gas Index was up 0.5%, but the Stoxx 600 Europe Food and Beverage Index inclined 0.1%.

The REITE, a European REIT index, rose 0.9%, but the Stoxx Europe 600 Retail Index declined 0.3%.

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

Yields on benchmark 10-year German bonds were lower, near 2.47%.

Front-month North Sea Brent crude-oil futures were up 1.2% at $66.88 per barrel.

The Euro Stoxx 50 volatility index was down 1.7% to 24.14, 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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