07:45 AM EDT, 07/29/2025 (MT Newswires) -- European bourses tracked higher midday Tuesday on corporate earnings reports and greater clarity regarding the US-European Union trade outlook.

Bank, tech, and oil stocks led broad rallies, while retail and property issues lagged.

Koninklijke Philips rose 9.2% midday after the Dutch medical technology company raised its profitability forecast, citing the limited impact of global tariffs.

Barclays rose 1.9% mid-session after the British bank topped Q2 earnings expectations and announced a $750 million stock buyback program.

Investors also eyed Wall Street futures in the green, but mixed closes overnight on Asian exchanges.

The pan-continental Stoxx Europe 600 Index was up 0.8% mid-session.

The Stoxx Europe 600 Technology Index was up 0.9%, and the Stoxx 600 Banks Index gained 1.7%.

The Stoxx Europe 600 Oil and Gas Index was up 1%, and the Stoxx 600 Europe Food and Beverage Index rose 0.1%.

The REITE, a European REIT index, fell 0.4%, while the Stoxx Europe 600 Retail Index was down 0.1%.

On the national market indexes, Germany's DAX was 1.3%, and the FTSE 100 in London rose 0.6%. The CAC 40 in Paris was up 1.4%, and Spain's IBEX 35 gained 1.1%.

Yields on benchmark 10-year German bonds were steady, near 2.70%.

Front-month North Sea Brent crude oil futures were little changed at $69.33 a barrel.

The Euro Stoxx 50 volatility index was down 6.2% to 16.15, 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.