07:54 AM EDT, 06/24/2025 (MT Newswires) -- European bourses tracked solidly higher midday Tuesday as an Iran-Israel ceasefire, brokered by the US and perhaps ending the 12-day conflict, appeared to largely hold.

There were state claims and media reports of ceasefire violations, while US President Donald Trump took to social media to advise Israel to not re-escalate hostilities.

Bank and tech stocks led broad gains on continental exchanges, while oil issues lagged.

Investors also eyed Wall Street futures flashing green, and higher closes overnight on Asian exchanges.

In economic news, the German business climate index rose to 88.4 this month from 87.5 in May, reported the Institute for Economic Research (Ifo).

The pan-continental Stoxx Europe 600 Index was up 1.2% mid-session.

The Stoxx Europe 600 Technology Index rose 1.7%, while the Stoxx 600 Banks Index gained 2.6%.

The Stoxx Europe 600 Oil and Gas Index was off 1.7%, but the Stoxx 600 Europe Food and Beverage Index advanced 0.3%

The REITE, a European REIT index, rose 1.1%, and the Stoxx Europe 600 Retail Index gained 1.9%.

On the national market indexes, Germany's DAX was up 1.9%, and the FTSE 100 in London rose 0.3%. The CAC 40 in Paris was up 1.2%, and Spain's IBEX 35 inclined 1.6%.

Yields on benchmark 10-year German bonds were higher, near 2.56%.

Front-month North Sea Brent crude-oil futures were down 2.9% at $68.53 a barrel.

The Euro Stoxx 50 volatility index was down 12% at 19.81, indicating modestly 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.