07:52 AM EDT, 09/30/2024 (MT Newswires) -- European bourses tracked lower midday Monday as traders weighed geopolitical tensions in Eastern Europe and the Middle East, and soggy prospects for automakers.

Aston Martin Lagonda shares fell 22.6% midday in London after the luxury automaker lowered its Q3 and fiscal 2024 guidance, citing soft demand in China.

Stellantis shares were down 13.9% midday after the global automaker cut profit outlooks, also citing China concerns.

Bank and property stocks led broad-based losses on continental exchanges.

Investors also eyed Wall Street futures signaling red and very choppy closes overnight on Asian exchanges, with Hong Kong and Shanghai gaining, but Tokyo falling back.

Italy's consumer price index rose 0.7% in September on year, cooling from 1.1% on-year rate logged in August, reported Istat.

The pan-continental Stoxx Europe 600 Index was off 0.9% mid-season.

The Stoxx Europe 600 Technology Index was off 0.9%, and the Stoxx 600 Banks Index lost 1.3%.

The Stoxx Europe 600 Oil and Gas Index was off 0.4%, and the Stoxx 600 Europe Food and Beverage Index declined 0.6%.

The REITE, a European REIT Index, fell 1.7%, and the Stoxx Europe 600 Retail Index declined 0.5%.

On the national market indexes, Germany's DAX was down 0.7% and the FTSE 100 in London was down 0.8%. The CAC 40 in Paris in Paris was off 1.7% and Spain's IBEX 35 lost 0.7%.

Yields on benchmark 10-year German bonds were lower, near 2.14%.

Front-month North Sea Brent crude-oil futures were down 0.2% to $71.42 per barrel.

The Euro Stoxx 50 volatility index was up 12.8% to 18.01, 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.