07:44 AM EDT, 07/24/2025 (MT Newswires) -- European bourses tracked moderately higher midday Thursday on financial sector profits, and media reports that a US-European Union trade deal is pending.

Retail and bank stocks led gainers, while food and tech issues lagged.

Deutsche Bank traded up 7.4% midday after the German lender reported Q2 earnings above consensus, and affirmed full-year guidance.

Investors also eyed muted Wall Street futures, but largely higher closes overnight on Asian exchanges.

In economic news, the Eurozone's flash composite purchasing managers index (PMI) rose to 51.0 in July from 50.6 in June, striking further above the 50-marker that separates private sector growth from contraction, reported S&P Global.

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

The Stoxx Europe 600 Technology Index was down 0.7%, but the Stoxx 600 Banks Index gained 1.7%.

The Stoxx Europe 600 Oil and Gas Index was up 0.1%, but the Stoxx 600 Europe Food and Beverage Index fell 1%.

The REITE, a European REIT index, fell 0.2%, while the Stoxx Europe 600 Retail Index was up 1.2%.

On the national market indexes, Germany's DAX was up 0.4%, and the FTSE 100 in London rose 0.3%. The CAC 40 in Paris was off 0.3%, while Spain's IBEX 35 advanced 1.4%.

Yields on benchmark 10-year German bonds were higher, near 2.67%.

Front-month North Sea Brent crude oil futures were up 0.8% at $69.08 a barrel.

The Euro Stoxx 50 volatility index was down 1.4% to 18.24, 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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