06:40 AM EST, 11/24/2021 (MT Newswires) -- European bourses tracked lower midday Wednesday as the tenacious COVID-19 pandemic again undercut sentiments, while traders mulled possible global central bank tightenings due to higher inflation rates. Continental tech issues joined global weakness in the sector, while financial shares rose on prospects for higher interest rates.
Traders also weighed a Wall Street futures market flashing red, and lower closes overnight in Asia.
Germany's Ifo business climate index posted at 96.5 in November, down from 97.7 in October, reported Ifo, the Institute for Economic Research.
The pan-continental Stoxx Europe 600 Index was off 0.2% mid-session.
The Stoxx Europe 600 Technology Index was lower by 1.4% and the Stoxx 600 Banks Index was down 0.4%. The Stoxx Europe Oil and Gas Index was up 0.2%.
The Stoxx Europe Food and Beverage Index was off 0.5%, the REITE, a European REIT index, was up 1.0%, and the Stoxx Europe 600 Insurance Index was up 0.6%.
In national market indices, the German DAX fell 0.6%, the FTSE 100 Index in London was flat, and the CAC 40 in Paris was off 0.3%. Spain's IBEX 35 declined by 0.3%.
Yields on benchmark 10-year German bonds were more negative, at minus 0.23%.
Front-month Brent crude oil futures were 0.4% lower at $81.95 per barrel.
The Euro Stoxx 50 volatility index was up 7.4% at 22.16, indicating moderately above-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 expectations for calmer markets.
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