07:47 AM EDT, 07/17/2025 (MT Newswires) -- European bourses tracked moderately higher midday Thursday on continental earnings reports, and also after Taiwan Semiconductor Manufacturing reported a large jump in Q2 profit, triggering a rally in peer issues.

Tech issues led broad market gains in Europe, after the Taiwan chip-making colossus reported a 61% jump in Q2 earnings, due to demand for AI-related circuits.

Additionally, Ocado shares traded up 11.7% midday after the British grocery-sector enterprise reported an H1 swing to profit.

Investors also eyed muted Wall Street futures, but higher closes overnight on Asian exchanges.

In economic news, the European Commission may be drafting plans for tariffs on imported US services and for certain export controls, if ongoing trade negotiations with Washington fail, the Financial Times reported.

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

The Stoxx Europe 600 Technology Index was up 1.1% and the Stoxx 600 Banks Index added 0.5%.

The Stoxx Europe 600 Oil and Gas Index was up 0.1%, and the Stoxx 600 Europe Food and Beverage Index rose 0.3%.

The REITE, a European REIT index, rose 0.3%, and the Stoxx Europe 600 Retail Index gained 0.5%.

On the national market indexes, Germany's DAX added 0.8% and the FTSE 100 in London rose 0.4%. The CAC 40 in Paris was up 0.9% and Spain's IBEX 35 gained 0.6%.

Yields on benchmark 10-year German bonds were lower, near 2.68%.

Front-month North Sea Brent crude-oil futures were up 0.1% at $68.61 a barrel.

The Euro Stoxx 50 volatility index was down 6.1% to 17.88, 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.