07:49 AM EDT, 07/15/2024 (MT Newswires) -- European bourses tracked moderately lower midday Monday after soft economic reports from Beijing and a profit advisory from a major luxury goods purveyor.

Tech and property issues edged higher, but energy and retail shares lagged.

Investors also eyed Wall Street futures signaling green, but mixed and muted closes overnight on Asian exchanges. China reported its economy had expanded by 4.7% on the year in Q2, below expectations. Tokyo was closed on holiday.

In other news, Eurozone seasonally adjusted industrial production declined 0.6% in May from April, and output fell 0.8% in the broader European Union, reported Eurostat.

Year over year, industrial output fell 2.9% in the euro area in June and declined 2.5% in the EU.

Shares in Burberry fell 16.4% after the British luxury goods giant warned of an H1 operating loss and announced a new chief executive.

The pan-continental Stoxx Europe 600 Index was off 0.3% mid-session.

The Stoxx Europe 600 Technology Index was up 0.1%, but the Stoxx 600 Banks Index lost 0.6%.

The Stoxx Europe 600 Oil and Gas Index was off 0.6%, and the Stoxx 600 Europe Food and Beverage Index declined 0.3%.

The REITE, a European REIT index, rose 0.1%, but the Stoxx Europe 600 Retail Index declined 0.4%.

On the national market indexes, Germany's DAX was down 0.4%, and the FTSE 100 in London was down 0.3%. The CAC 40 in Paris was off 0.6%, and Spain's IBEX 35 lost 0.5%.

Yields on benchmark 10-year German bonds were lower, near 2.49%.

Front-month North Sea Brent crude oil futures were down 0.2% to $84.88 per barrel.

The Euro Stoxx 50 volatility index was up 1% to 13.20, 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.