07:42 AM EDT, 04/30/2024 (MT Newswires) -- European bourses tracked sideways midday Tuesday as traders weighed moderate inflation and economy reports from the European Commission and parsed earnings releases.

Food and beverage stocks gained, while retail shares lagged.

Investors also eyed flat Wall Street futures and choppy closes overnight on Asian exchanges.

The Q1 seasonally adjusted gross domestic product (GDP) in the eurozone gained 0.3% from Q4 and 0.4% year over year, Eurostat reported. In the broader EU, Q1 GDP was up 0.3% quarter over quarter and 0.5% year over year, the agency added.

Euro area annual inflation rate is expected to come in at 2.4% in April, unchanged from March, Eurostat said.

The pan-continental Stoxx Europe 600 Index was steady mid-session.

The Stoxx Europe 600 Technology Index was off 0.3%, but the Stoxx 600 Banks Index gained 0.1%.

The Stoxx Europe 600 Oil and Gas Index was up 0.2%, and the Stoxx 600 Europe Food and Beverage Index edged 0.8% higher.

The REITE, a European REIT index, declined 0.1%, and the Stoxx Europe 600 Retail Index was 1.1% lower.

On the national market indexes, Germany's DAX was down 0.3%, and the FTSE 100 in London was up 0.6%. The CAC 40 in Paris was flat, and Spain's IBEX 35 lost 1.3%.

Yields on benchmark 10-year German bonds were higher, near 2.6%.

Front-month North Sea Brent crude-oil futures were up 0.5% at $87.63 per barrel.

The Euro Stoxx 50 volatility index was down 0.7% at 15.01, 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.