06:46 AM EST, 11/03/2025 (MT Newswires) -- European bourses tracked moderately higher midday Monday as traders digested earnings reports and relative stability in long-term bond markets.

Oil and bank stocks led gains on continental trading floors, while property shares lagged.

Gaztransport et Technigaz shares traded up 7.4% midday after the French naval engineering enterprise reported strong Q3 revenue and raised 2025 financial targets, citing strong demand for its liquified natural gas (LNG) and ethane carrier products and services.

Investors also eyed Wall Street futures flashing green and higher closes overnight on Asian exchanges, including a 2.8% gain on Seoul's KOSPI index to a fresh all-time zenith, after US-based chipmaker Nvidia (NVDA) disclosed a deal to provide high-performance Blackwell chips to the South Korean government and conglomerates.

In economic news, the euro zone's manufacturing purchasing manager index (PMI) rose to 50.0 in October from 49.8 in September, landing at the neutral level that separates growth from contraction, reported S&P Global.

The pan-continental Stoxx Europe 600 Index was up 0.5% mid-session.

The Stoxx Europe 600 Technology Index was up 0.7%, and the Stoxx 600 Banks Index gained 0.9%.

The Stoxx Europe 600 Oil and Gas Index rose 1.1%, while the Stoxx 600 Europe Food and Beverage Index advanced 0.5%.

The REITE, a European REIT index, fell 0.2%, while the Stoxx Europe 600 Retail Index was up 0.3%.

On the national market indexes, Germany's DAX was up 1.2%, and the FTSE 100 in London was flat. The CAC 40 in Paris rose 0.3%, and Spain's IBEX 35 lifted 0.5%.

Yields on benchmark 10-year German bonds were marginally higher, near 2.65%.

Front-month North Sea Brent crude oil futures were down 0.5% at $64.44 a barrel.

The Euro Stoxx 50 volatility index was down 1.4% at 17.56, 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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