06:41 AM EST, 02/11/2025 (MT Newswires) -- European bourses tracked largely sideways midday Tuesday as traders awaited clarity on international trade issues, and weighed a European AI initiative.

Retail and oil stocks led gainers, while property issues lagged.

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

The European Union plans to mobilize 200 billion euros in investments in AI, said European Commission President Ursula von der Leyen, speaking at the continent's Invest AI initiative meeting, reported the AFB News Agency. That tally includes 150 billion euros from investors and industries, and 50 billion euros from the EU's Invest AI initiative.

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

The Stoxx Europe 600 Technology Index was up 0.1%, and the Stoxx 600 Banks Index gained 0.2%.

The Stoxx Europe 600 Oil and Gas Index was up 0.5%, and the Stoxx 600 Europe Food and Beverage Index inclined 0.1%.

The REITE, a European REIT index, fell 0.4%, but the Stoxx Europe 600 Retail Index inclined 1.2%.

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

Yields on benchmark 10-year German bonds were higher, near 2.41%.

Front-month North Sea Brent crude-oil futures were up 1.2% to $76.76 per barrel.

The Euro Stoxx 50 volatility index was down 0.7% to 16.54, 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.