07:53 AM EDT, 09/23/2025 (MT Newswires) -- European bourses tracked moderately higher midday Tuesday after the Organization for Economic Co-operation and Development estimated that the global economy will expand by 3.2% this year, up from its previous growth projection of 2.9%.

Retail, oil and property stocks led broad market gains on continental trading floors.

Investors also eyed muted Wall Street futures, and choppy closes overnight on Asian exchanges, although benchmark equity indices in Seoul and Taiwan again struck all-time record highs.

In economic news, the flash Eurozone composite purchasing managers index (PMI), a combination of the continent's manufacturing and service sectors, rose to 51.2 in September from 51 last month, and struck further above the 50-mark that separates growth from contraction, reported S&P Global. The index also hit a 16-month high.

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

The Stoxx Europe 600 Technology Index was up 0.5%, and the Stoxx 600 Banks Index gained 0.3%.

The Stoxx Europe 600 Oil and Gas Index was up 1%, and the Stoxx 600 Europe Food and Beverage Index rose 0.6%.

The REITE, a European REIT index, rose 0.9%, while the Stoxx Europe 600 Retail Index was up 2.1%.

On the national market indexes, Germany's DAX was up 0.3%, and the FTSE 100 in London was flat. The CAC 40 in Paris was up 0.7%, and Spain's IBEX 35 gained 0.4%.

Yields on benchmark 10-year German bonds were lower, near 2.75%.

Front-month North Sea Brent crude-oil futures were up 0.9% at $67.14 a barrel.

The Euro Stoxx 50 volatility index was down 1.6% at 16.6, 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.