06:49 AM EST, 12/01/2025 (MT Newswires) -- European bourses tracked moderately lower midday Monday as traders weighed higher oil prices and a weak manufacturing-sector report.

The Organization of the Petroleum Exporting Countries and its allies, or OPEC+, on Sunday affirmed a plan to pause production hikes through Q1, while Ukraine drones struck two oil tankers late Friday, reported to be in Russia's "shadow fleet" in the Black Sea.

Food stocks bucked trends gain on continental trading floors, while property and oil shares lagged.

Investors also eyed Wall Street futures flashing red, and uneven closes overnight on Asian exchanges, while Tokyo's Nikkei 225 declined 1.9% after the Bank of Japan chief said rate hikes are possible at the central bank's Dec. 9-10 policy meeting.

The Eurozone manufacturing purchasing managers index (PMI) logged at 49.6 in November, down from 50.0 in October, and slipping below the 50-mark that separates growth from contraction, reported S&P Global.

The pan-continental Stoxx Europe 600 Index was off 0.4% mid-session.

The Stoxx Europe 600 Technology Index was down 0.4%, and the Stoxx 600 Banks Index lost 0.3%.

The Stoxx Europe 600 Oil and Gas Index eased 0.5%, but the Stoxx 600 Europe Food and Beverage Index gained 0.3%.

The REITE, a European REIT index, fell 1.2%, while the Stoxx Europe 600 Retail Index was down 0.6%.

On the national market indexes, Germany's DAX was down 1.3%, and the FTSE 100 in London lost 0.1%. The CAC 40 in Paris was down 0.7%, and Spain's IBEX 35 eased 0.3%.

Yields on benchmark 10-year German bonds were higher, near 2.72%.

Front-month North Sea Brent crude-oil futures were up 1.1% at $63.09 a barrel.

The Euro Stoxx 50 volatility index was up 4.8% at 17.94, still 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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