07:48 AM EDT, 07/19/2024 (MT Newswires) -- European bourses tracked moderately lower midday Friday as traders weighed an international IT snafu and the conclusion of an underwhelming party policy session in Beijing.

A global IT snafu grounded some airlines and halted various healthcare, financial, and other services. Cybersecurity company CrowdStrike (CRWD) reported a snag with its Falcon Sensor software but said a fix had been deployed and the incident was not a cyberattack.

In Beijing, a major meeting in the Chinese Communist Party concluded on Thursday, but without an announcement of additional support for China's economy or struggling property sector.

Property and oil shares led broad market losses in Europe.

Investors also eyed soft Wall Street futures and lower closes overnight on Asian exchanges.

The European Central Bank's quarterly Survey of Professional Forecasters found a consensus for European Union headline inflation decline from 2.4% in 2024 to 2% in 2025 and 1.9% in 2026.

The pan-continental Stoxx Europe 600 Index was off 0.6% mid-session.

The Stoxx Europe 600 Technology Index was down 0.4%, and the Stoxx 600 Banks Index lost 0.7%.

The Stoxx Europe 600 Oil and Gas Index was 0.8% lower and the Stoxx 600 Europe Food and Beverage Index also declined 0.8%.

The REITE, a European REIT index, fell 1.3% and the Stoxx Europe 600 Retail Index declined 0.6%.

On the national market indexes, Germany's DAX was down 0.6%, and the FTSE 100 in London was 0.5% lower. The CAC 40 in Paris was off 0.6% and Spain's IBEX 35 lost 0.4%.

Yields on benchmark 10-year German bonds were higher, near 2.4%.

Front-month North Sea Brent crude oil futures were down 0.3% at $84.87 per barrel.

The Euro Stoxx 50 volatility index was up 3.5% at 16.28, but still 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.