06:49 AM EST, 03/07/2025 (MT Newswires) -- European bourses tracked moderately lower midday Friday as traders weighed Trump Administration tariffs, Europe's possible migration to a war footing, and the subsequent outlook for luxury brands.

Tech and retail stocks led broad-market losses.

Shares in Salvatore Ferragamo fell 16.8% midday on tariff threats and the prospects for luxury goods as Europe reorients national budgets and postures to military preparedness.

Investors also eyed Wall Street futures signaling green, but lower closes overnight on Asian exchanges.

In economic news, the Eurozone gross domestic product (GDP) rose 0.2% in Q4 from Q3 and by 1.2% on the year, reported Eurostat. In the broader European Union, GDP rose 0.4% in Q4 and by 1.4% on year.

The pan-continental Stoxx Europe 600 Index was off 0.7% mid-session.

The Stoxx Europe 600 Technology Index was off 0.7%, and the Stoxx 600 Banks Index lost 0.2%.

The Stoxx Europe 600 Oil and Gas Index was off 0.4%, but the Stoxx 600 Europe Food and Beverage Index declined 0.2%.

The REITE, a European REIT index, fell 0.2%, and the Stoxx Europe 600 Retail Index declined 0.8%.

On the national market indexes, Germany's DAX was down 1.6%, and the FTSE 100 in London was down 0.4%. The CAC 40 in Paris was off 0.9%, and Spain's IBEX 35 lost 0.4%.

Yields on benchmark 10-year German bonds eased to near 2.82%.

Front-month North Sea Brent crude-oil futures were up 1.8% to $70.69 per barrel.

The Euro Stoxx 50 volatility index was up 8.2% to 23.20, indicating 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.