07:41 AM EDT, 07/08/2024 (MT Newswires) -- European bourses tracked moderately higher midday Monday as traders digested the results of France's weekend elections.

Bank stocks gained, while oil issues lagged.

Investors also eyed flat Wall Street futures, but lower closes overnight on major Asian exchanges.

The Sentix investor confidence index fell to a negative 7.3 in July from positive 0.3 in June, reported Sentix. The index rates the relative six-month economic outlook for the euro zone of 2,800 investors and analysts.

The pan-continental Stoxx Europe 600 Index was up 0.3% mid-session.

The Stoxx Europe 600 Technology Index was up 0.2%, and the Stoxx 600 Banks Index gained 0.7%.

The Stoxx Europe 600 Oil and Gas Index was off 0.8%, but the Stoxx 600 Europe Food and Beverage Index inclined 0.4%.

The REITE, a European REIT index, fell 0.3%, but the Stoxx Europe 600 Retail Index inclined 0.3%.

On the national market indexes, Germany's DAX was up 0.4%, and the FTSE 100 in London was up 0.3%. The CAC 40 in Paris was up 0.2%, and Spain's IBEX 35 gained 0.4%.

Yields on benchmark 10-year German bonds were higher, near 2.54%.

Front-month North Sea Brent crude oil futures were down 0.7% to $85.92 per barrel.

The Euro Stoxx 50 volatility index was down 7.9% to 13.29, 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.