07:42 AM EDT, 06/26/2024 (MT Newswires) -- European bourses were narrowly mixed midday Wednesday as traders weighed rising yields on benchmark government bonds, and signals that continental consumers are not confident.
Tech stocks bucked trends and joined the global rally, while property and food issues lagged.
Investors also eyed Wall Street futures mildly signaling green, and higher closes overnight on Asian exchanges.
The German July GfK Consumer Climate Index posted at negative 21.8, down from negative 21.0 in June, reported Gfk.
The pan-continental Stoxx Europe 600 Index was off 0.2% mid-session.
The Stoxx Europe 600 Technology Index was up 0.7%, and the Stoxx 600 Banks Index lost 0.1%.
The Stoxx Europe 600 Oil and Gas Index was up 0.1%, but the Stoxx 600 Europe Food and Beverage Index declined 0.3%.
The REITE, a European REIT index, fell 0.7%, but the Stoxx Europe 600 Retail Index was steady.
On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London was flat. 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 higher, near 2.43%.
Front-month North Sea Brent crude-oil futures were up 0.7% to $84.78 per barrel.
The Euro Stoxx 50 volatility index was up 1.8% to 18.36, 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.