07:45 AM EDT, 08/05/2025 (MT Newswires) -- European bourses tracked moderately higher midday Tuesday as traders digested earnings reports, and gauged outlooks for monetary easing from major global central banks.

Shares in BP gained 2.9% midday after the British oil colossus reported better-than-expected earnings, on the heels of a Monday BP announcement that drillers had made the company's largest crude strike in 25 years, off the coast of Brazil.

Food and energy stocks led gainers, while retail issues lagged.

Investors also eyed Wall Street futures flashing green, and solidly higher closes overnight on Asian exchanges.

In economic news, the producer price index (PPI) rose 0.8% in June from May in the Eurozone, and 0.7% on-month in the broader European Union, reported Eurostat. However, the PPI rose by a more-muted 0.6% on year in June, in both the euro area and the EU.

The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session.

The Stoxx Europe 600 Technology Index was up 0.7%, and the Stoxx 600 Banks Index gained 0.1%.

The Stoxx Europe 600 Oil and Gas Index was up 1.3%, and the Stoxx 600 Europe Food and Beverage Index rose 1.3%.

The REITE, a European REIT index, rose 0.6%, while the Stoxx Europe 600 Retail Index was down 0.3%.

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 0.2%, and Spain's IBEX 35 was stable.

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

Front-month North Sea Brent crude-oil futures were down 0.9% at $68.17 a barrel.

The Euro Stoxx 50 volatility index was down 4.8% to 18.37, 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.