07:41 AM EDT, 06/03/2025 (MT Newswires) -- European bourses edged lower midday Tuesday as traders mulled an inflation report and awaited a European Central Bank rate decision slated for later this week.

Property stocks led the gainers, while bank issues lagged.

Market denizens also eyed Wall Street futures signaling red, and uneven closes overnight on Asian exchanges.

In economic news, euro area consumer prices rose 1.9% in May on year, down from the 2.2% gain logged the month prior, reported Eurostat. The ECB is scheduled meet Thursday to decide on monetary policy.

The pan-continental Stoxx Europe 600 Index was off 0.3% mid-session.

The Stoxx Europe 600 Technology Index was off 0.1%, and the Stoxx 600 Banks Index lost 0.7%.

The Stoxx Europe 600 Oil and Gas Index was down 0.1%, as was the Stoxx 600 Europe Food and Beverage Index.

The REITE, a European REIT index, rose 0.4%, while the Stoxx Europe 600 Retail Index dropped 0.4%.

On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London was flat. The CAC 40 in Paris was off 0.4%, and Spain's IBEX 35 lost 0.8%.

Yields on benchmark 10-year German bonds were lower, near 2.49%.

Front-month North Sea Brent crude-oil futures were up 0.4% at $64.86 per barrel.

The Euro Stoxx 50 volatility index was down 0.1% at 20.04, indicating marginally 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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