07:52 AM EDT, 05/21/2025 (MT Newswires) -- European bourses tracked moderately lower midday Wednesday after a mixed earnings report from a UK retailer, and as traders weighed global geopolitics and a report on a sluggish German economy.

Outlooks in Ukraine and the Middle East appeared unresolved, after recent peace initiatives.

Tech shares nearly held ground on continental bourses, while retail and property issues lagged.

JD Sports Fashion shares traded down 9.6% midday, after the British retailer reported Q1 earnings and revenue, and discussed impact of tariffs on US operations.

Investors also eyed Wall Street futures signaling red, and uneven closes overnight on Asian exchanges.

Germany's economy will stall in 2025, and log only 1% real growth on year in 2026, according to the German Council of Economic Experts (GCEE) Spring Report.

The pan-continental Stoxx Europe 600 Index was off 0.4% mid-session.

The Stoxx Europe 600 Technology Index was off 0.1%, and the Stoxx 600 Banks Index lost 0.4%.

The Stoxx Europe 600 Oil and Gas Index was off 0.5%, and the Stoxx 600 Europe Food and Beverage Index declined 0.2%.

The REITE, a European REIT index, fell 0.9%, and the Stoxx Europe 600 Retail Index declined 1.3%.

On the national market indexes, Germany's DAX was down 0.2%, and the FTSE 100 in London was down 0.1%. The CAC 40 in Paris was off 0.5%, and Spain's IBEX 35 lost 0.3%.

Yields on benchmark 10-year German bonds were higher, near 2.65%.

Front-month North Sea Brent crude-oil futures were up 0.8% to $65.89 per barrel.