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Middle East Prospects Lift European Bourses Midday Monday

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Last updated: 11/09/2026 06:41:35

06:41 AM EST, 11/09/2026 (MT Newswires) -- European bourses tracked moderately higher midday Monday as traders weighed easing bond yields and crude oil prices, after President Donald Trump soft-pedaled fresh strikes on Iran, if peace talks are ongoing.

Tech and bank stocks led gains on continental trading floors, while food, oil, and property shares lagged.

The pan-continental Stoxx Europe 600 Index was up 0.8% mid-session.

Yields on benchmark 10-year German bonds were lower, near 3.24%, while Brent crude oil futures were down 3.3% to $95.02 a barrel, in midday trades.

Investors also eyed Wall Street futures in the green, and unevenly higher closes overnight on Asian exchanges.

In economic news, the economic index for the Eurozone fell to 2.4 in November from 2.7 in October, reported market research service Sentix on Sunday. Expectations eased in the month, "which ultimately reinforces the view of a stagnation scenario for the Eurozone," Sentix said.

In the sectors, the Stoxx Europe 600 Technology Index was up 1.3%, and the Stoxx 600 Banks Index gained 1.8%.

The Stoxx Europe 600 Oil and Gas Index was flat, while the Stoxx 600 Europe Food and Beverage Index declined 0.1%.

The REITE, a European REIT index, was steady.

On the national market indexes, Germany's DAX was up 0.9%, and the FTSE 100 in London gained 0.8%. The CAC 40 in Paris was up 0.6%, and Spain's IBEX 35 lifted 1.3%.

The Euro Stoxx 50 volatility index was down 4.2% at 20.39, but still indicated 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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