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Bond Yields, Oil Outlook Lift European Bourses Midday
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Bond Yields, Oil Outlook Lift European Bourses Midday
Sep 3, 2025 4:52 AM

07:32 AM EDT, 09/03/2025 (MT Newswires) -- European bourses tracked moderately higher midday Wednesday as traders weighed stabilizing bond yields and easing crude oil prices.

Tech and retail stocks led gainers, while food issues lagged.

Investors also eyed Wall Street futures flashing green, but lower closes overnight on Asian exchanges.

In economic news, the Eurozone final composite purchasing managers index (PMI), a combination of the services and manufacturing sectors, logged at 51.0 in August, up from 50.9 in July, and inching further above the 50-mark that separates growth from contraction, reported S&P Global.

Brent oil prices slid nearly 2% after Reuters reported that oil-cartel OPEC, and Russia, may agree to production increases at a slated meeting on Sunday.

The pan-continental Stoxx Europe 600 Index was up 0.7% mid-session.

The Stoxx Europe 600 Technology Index was up 1.4%, and the Stoxx 600 Banks Index gained 0.2%.

The Stoxx Europe 600 Oil and Gas Index was up 0.1%, but the Stoxx 600 Europe Food and Beverage Index fell 0.1%.

The REITE, a European REIT index, rose 0.3%, while the Stoxx Europe 600 Retail Index was up 1%.

On the national market indexes, Germany's DAX was up 0.8%, and the FTSE 100 in London rose 0.5%. The CAC 40 in Paris was up 0.9%, and Spain's IBEX 35 gained 0.2%.

Yields on benchmark 10-year German bonds were slightly lower, near 2.77%.

Front-month North Sea Brent crude-oil futures were off 1.8%, at $67.91 a barrel.

The Euro Stoxx 50 volatility index was down 6.6% to 18.54, 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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