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Mining, Tech Sectors Lift European Bourses Midday
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Mining, Tech Sectors Lift European Bourses Midday
Jul 10, 2025 5:12 AM

07:57 AM EDT, 07/10/2025 (MT Newswires) -- European bourses tracked moderately higher midday Thursday as traders bought into mining shares and again favored technology issues.

London's FTSE 100 struck all-time record zeniths in mid-session action.

Tech and oil stocks led gainers, while bank and property issues lagged.

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

In economic news, European Commission President Ursula von der Leyen told the French-Italian Economic Forum that "we are working nonstop to find an initial agreement with the [US] to keep tariffs as low as possible and to provide the stability that businesses need." However, she added that "the relationship with the [US] may not return to what it once was."

The pan-continental Stoxx Europe 600 Index was up 0.5% mid-session.

The Stoxx Europe 600 Technology Index was up 1%, but the Stoxx 600 Banks Index lost 0.3%.

The Stoxx Europe 600 Oil and Gas Index was up 0.8%, and the Stoxx 600 Europe Food and Beverage Index rose 0.2%.

The REITE, a European REIT index, fell 0.5%, while the Stoxx Europe 600 Retail Index was up 0.4%.

On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London rose 1.2%. The CAC 40 in Paris was up 0.6%, but Spain's IBEX 35 eased 0.8%.

Yields on benchmark 10-year German bonds were stable, near 2.63%.

Front-month North Sea Brent crude-oil futures were down 0.4% at $69.93 a barrel.

The Euro Stoxx 50 volatility index was down 2.4% at 16.22, 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.

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