07:51 AM EDT, 04/10/2025 (MT Newswires) -- European bourses tracked solidly higher midday Thursday after overnight rallies in the US and Asia, following the Trump administration pause on Wednesday of new, higher import levies.

Large gains in property, tech and bank issues led broad markets in Europe higher.

Investors also eyed Wall Street futures signaling red, but upward gyrations overnight on Asian equities exchanges, including gains topping 9% on broad indices in Taiwan and Tokyo.

In economic news, Western European banks are able to handle financial turmoil associated with uncertain US tariff schedules, said Fitch Ratings. Banks have "headroom after several years of sound performance and good asset quality," added Fitch Ratings.

The pan-continental Stoxx Europe 600 Index was up 5.6% mid-session.

The Stoxx Europe 600 Technology Index was up 7.1%, and the Stoxx 600 Banks Index gained 7.7%.

The Stoxx Europe 600 Oil and Gas Index was up 5.8%, and the Stoxx 600 Europe Food and Beverage Index inclined 2.3%.

The REITE, a European REIT index, rose 6.4%, and the Stoxx Europe 600 Retail Index inclined 4.5%.

On the national market indexes, Germany's DAX was up 5.7%, and the FTSE 100 in London was up 4.3%. The CAC 40 in Paris was up 5.6%, and Spain's IBEX 35 gained 6%.

Yields on benchmark 10-year German bonds were higher, near 2.64%.

Front-month North Sea Brent crude-oil futures were down 2.2% to $64.01 per barrel.

The Euro Stoxx 50 volatility index was down 22.9% to 34.62, still indicating 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.