07:47 AM EDT, 09/09/2024 (MT Newswires) -- European bourses tracked moderately higher midday Monday as traders await the US inflation report slated for Wednesday, and a possible rate cut on Thursday from the European Central Bank.

Bank and tech stocks led gainers, while property issues lagged.

Investors also eyed Wall Street futures signaling green, but lower closes overnight on Asian exchanges. Beijing issued soft inflation bulletins for August, aggravating concerns that China's economy is still lagging.

Investor confidence in the euro area again declined September, reported Sentix. The continental investor confidence index declined to negative 15.4 in September from negative 13.9 in August, said the market-research house, citing its survey.

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

The Stoxx Europe 600 Technology Index was up 1.4%, and the Stoxx 600 Banks Index gained 1.5%.

The Stoxx Europe 600 Oil and Gas Index was up 2.1%, but the Stoxx 600 Europe Food and Beverage Index inclined 0.4%.

The REITE, a European REIT index, fell 0.4%, but the Stoxx Europe 600 Retail Index inclined 0.3%.

On the national market indexes, Germany's DAX was up 0.8%, and the FTSE 100 in London was up 0.8%. The CAC 40 in Paris was up 0.9%, and Spain's IBEX 35 gained 0.9%.

Yields on benchmark 10-year German bonds were higher, near 2.22%.

Front-month North Sea Brent crude-oil futures were up 0.8% to $71.62 per barrel.

The Euro Stoxx 50 volatility index was down 7.4% to 20.92, indicating modestly 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.