07:49 AM EDT, 10/08/2026 (MT Newswires) -- European bourses tracked lower midday Thursday as traders weighed rising oil prices and bond yields, and warily eyed interest-rate sensitive bank and property shares.

The pan-continental Stoxx Europe 600 Index was off 0.9% mid-session.

Oil stocks bucked bearish trends on continental trading floors, as front-month Brent crude-oil futures rose 5% to $105.19 a barrel, in mid-session trades.

Investors also mulled Wall Street futures flashing red amid lower closes overnight on Asian exchanges.

In economic news, Germany's Economy Ministry on Thursday raised its economic growth forecast for 2026 to 1.3% from the previous 0.5% projection, and the 2027 estimate to 1.1% from 0.9%, citing a smaller impact from the Iran war than had been expected, Reuters reported.

Among the sectors, the Stoxx Europe 600 Technology Index was down 0.7%, and the Stoxx 600 Banks Index lost 2.2%.

The Stoxx Europe 600 Oil and Gas Index rose 1.5%, while the Stoxx 600 Europe Food and Beverage Index was steady.

The REITE, a European REIT index, fell 1.4%.

On the national market indexes, Germany's DAX was down 1.1%, and the FTSE 100 in London lost 0.4%. The CAC 40 in Paris was down 0.9%, and Spain's IBEX 35 eased 1.2%.

Yields on benchmark 10-year German bonds were higher, near 3.52%.

The Euro Stoxx 50 volatility index was up 7.8% at 19.12, but still indicating below-average volatility for European stock markets in the next 30 days, a modestly positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

http://www.mtnewswires.com
Copyright © 2026 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.