06:44 AM EST, 01/17/2025 (MT Newswires) -- European bourses tracked moderately higher midday Friday after Beijing issued a stronger-than-expected Q4 gross domestic product report, while global bond yields held steady or slipped marginally.

Germany's DAX index and London's FTSE 100 index both struck fresh all-time highs in mid-session trading.

Oil and retail stocks led broad market gains.

Investors also eyed Wall Street futures signaling green, and higher closes overnight in Hong Kong and Shanghai after China reported its economy expanded at a 5.4% rate in Q4 and grew by 5% for the full-year 2024.

In continental economic news, the Eurozone consumer price index rose by 2.4% in December on year, after a 2.2% on-year gain in November, Eurostat reported. In the broader European Union, the CPI in December rose at 2.7% on year, up from the 2.5% on-year rise in November.

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

The Stoxx Europe 600 Technology Index was up 0.3%, and the Stoxx 600 Banks Index gained 0.6%.

The Stoxx Europe 600 Oil and Gas Index was up 1.2%, and the Stoxx 600 Europe Food and Beverage Index inclined 0.7%.

The REITE, a European REIT index, rose 0.7%, and the Stoxx Europe 600 Retail Index inclined 1%.

On the national market indexes, Germany's DAX was up 1%, and the FTSE 100 in London was up 1.1%. The CAC 40 in Paris was up 1.1%, and Spain's IBEX 35 gained 0.7%.

Yields on benchmark 10-year German bonds were lower, near 2.50%.

Front-month North Sea Brent crude-oil futures were up 0.5% to $81.69 per barrel.

The Euro Stoxx 50 volatility index was up 0.8% to 15.25, but still 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.