07:35 AM EDT, 04/07/2026 (MT Newswires) -- European bourses tracked unevenly midday Tuesday as traders awaited developments in the war-torn Persian Gulf after US President Donald Trump's vow to bomb Iranian infrastructure if Tehran does not reopen the Strait of Hormuz by 8 pm ET.

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

Investors also eyed Wall Street futures in the red amid higher closes overnight on Asian exchanges.

In economic news, the Eurozone composite purchasing managers index, a combination of the manufacturing and services sectors, came in at 50.7 in March, down from 51.9 in February, but still striking above the 50-mark that separates growth from contraction, S&P Global reported.

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

The Stoxx Europe 600 Technology Index was down 0.7%, and the Stoxx 600 Banks Index gained 0.1%.

The Stoxx Europe 600 Oil and Gas Index rose 4%, while the Stoxx 600 Europe Food and Beverage Index advanced 1.1%.

The REITE, a European REIT index, gained 0.6%.

On the national market indexes, Germany's DAX was down 0.2%, and the FTSE 100 in London was steady. The CAC 40 in Paris was up 0.4%, and Spain's IBEX 35 gained 0.2%.

Yields on benchmark 10-year German bonds were higher, near 3.03%.

Front-month North Sea Brent crude-oil futures were up 0.8% at $110.62 a barrel.

The Euro Stoxx 50 volatility index was down 0.8% at 29.82, 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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