07:39 AM EDT, 04/29/2025 (MT Newswires) -- European bourses tracked moderately higher midday Tuesday, as traders gauged the earnings season and awaited clarity on international trade tensions.

Property, bank, and tech stocks led gainers, while oil issues lagged.

Investors also eyed Wall Street futures mildly signaling red, but higher closes overnight on Asian exchanges.

Trade wars could lower Europe's economic growth and inflation, and might have a "recessionary effect" on the countries involved, European Central Bank board member Piero Cipollone said, reported Reuters.

The pan-continental Stoxx Europe 600 Index was up 0.1% mid-session.

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

The Stoxx Europe 600 Oil and Gas Index was off 0.9%, but the Stoxx 600 Europe Food and Beverage Index rose 0.1%.

The REITE, a European REIT index, rose 0.9%, and the Stoxx Europe 600 Retail Index advanced 0.1%.

On the national market indexes, Germany's DAX was up 0.5%, and the FTSE 100 in London was up 0.1%. The CAC 40 in Paris was off 0.3%, and Spain's IBEX 35 lost 1%.

Yields on benchmark 10-year German bonds were steady at 2.50%.

Front-month North Sea Brent crude oil futures were down 1.7% to $63.71 per barrel.

The Euro Stoxx 50 volatility index was down 3.3% to 21.67, still 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.