07:44 AM EDT, 04/28/2025 (MT Newswires) -- European bourses tracked moderately higher midday Monday as traders awaited earnings season results, and shrugged off a massive power outage in the Iberian Peninsula.

Food and banks stocks led moderate, but broad, market rallies.

Investors also eyed Wall Street futures signaling red, and choppy closes overnight on Asian exchanges.

In other news, Portugal and most of Spain was struck by an electric-power blackout mid-Monday, knocking out telecommunications, transport and other services.

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

The Stoxx Europe 600 Technology Index was up 0.5%, and the Stoxx 600 Banks Index gained 0.9%.

The Stoxx Europe 600 Oil and Gas Index was up 0.3%, and the Stoxx 600 Europe Food and Beverage Index inclined 0.7%.

The REITE, a European REIT index, rose 0.2%, and the Stoxx Europe 600 Retail Index inclined 0.1%.

On the national market indexes, Germany's DAX was up 0.5%, and the FTSE 100 in London was up 0.2%. The CAC 40 in Paris was up 0.7%, and Spain's IBEX 35 gained 0.3%.

Yields on benchmark 10-year German bonds were higher, near 2.514%.

Front-month North Sea Brent crude-oil futures were down 0.4% to $62.75 per barrel.

The Euro Stoxx 50 volatility index was down 0.2% to 21.88, indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.