07:44 AM EDT, 10/30/2024 (MT Newswires) -- European bourses tracked solidly lower midday Wednesday as traders pulled back after soft earnings reports from benchmark issues, and as Eastern European and Middle East strife continued.

Shares in Capgemini dropped 7.5% mid-session after the Paris-based IT consulting group cut its 2024 revenue target.

Property stocks nearly held firm on the continent, while tech and bank shares retreated.

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

Seasonally adjusted Q3 gross domestic product rose by 0.4% in the euro area and by 0.3% in the broader European Union, reported Eurostat. Compared with the third quarter a year earlier, GDP increased by 0.9% both in the euro area and in the EU.

The pan-continental Stoxx Europe 600 Index was down 1.1% mid-session.

The Stoxx Europe 600 Technology Index was off 1.8%, and the Stoxx 600 Banks Index lost 1%.

The Stoxx Europe 600 Oil and Gas Index was off 0.3%, and the Stoxx 600 Europe Food and Beverage Index declined 1.5%.

The REITE, a European REIT index, fell 0.1%, but the Stoxx Europe 600 Retail Index declined 0.2%.

On the national market indexes, Germany's DAX was down 0.8%, and the FTSE 100 in London was down 0.4%. The CAC 40 in Paris was off 1.5%, and Spain's IBEX 35 lost 0.8%.

Yields on benchmark 10-year German bonds were lower, near 2.31%.

Front-month North Sea Brent crude-oil futures were up 1.2% to $71.58 per barrel.

The Euro Stoxx 50 volatility index was up 3.6% to 19.67, indicating marginally 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.