07:42 AM EDT, 03/26/2024 (MT Newswires) -- Europen bourses tracked modestly higher midday Tuesday as traders waded back into tech issues after Asian exchanges boosted the sector overnight on the outlook for AI-related chip sales.

Yields on benchmark sovereign bonds inched lower.

Joining tech shares, retail issues gained, while property stocks lagged.

Investors also eyed Wall Street futures signaling green, but uneven closes overnight on Asian exchanges.

The pan-continental Stoxx Europe 600 Index was up 0.1% mid-session.

The Stoxx Europe 600 Technology Index was up 0.6%, and the Stoxx 600 Banks Index gained 0.5%.

The Stoxx Europe 600 Oil and Gas Index was flat, but the Stoxx 600 Europe Food and Beverage Index inclined 0.3%.

The REITE, a European REIT index, fell 0.1%, but the Stoxx Europe 600 Retail Index inclined 0.7%.

On the national market indexes, Germany's DAX was up 0.5%, and the FTSE 100 in London was flat. The CAC 40 in Paris was up 0.1%, and Spain's IBEX 35 gained 0.3%.

Yields on benchmark 10-year German bonds were lower, near 2.35%.

Front-month North Sea Brent crude-oil futures were up 0.1% to $86.17 per barrel.

The Euro Stoxx 50 volatility index was up 0.7% to 12.58, 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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