07:41 AM EDT, 07/07/2026 (MT Newswires) -- European bourses tracked moderately lower midday Tuesday, as the international downdraft on tech stocks blew across Europe.

Food and property stocks led gains on continental trading floors, while oil shares also lagged.

Semiconductor shares globally are under pressure despite South Korea's industry bellwether Samsung Electronics reporting record quarterly profits overnight.

Samsung reported a Q2 earnings of $58.4 billion, topping market outlooks, and noted rising memory-chip prices, but investors evidently sold on the report and booked profits. Samsung traded down 6.9% on Seoul's KOSPI index.

In addition, continental investors eyed Wall Street futures flashing red, and lower closes overnight on Asian exchanges.

In economic news, France's gross domestic product (GDP) will grow 0.7% in 2026 instead of the previously projected 0.9%, French Economy Minister Roland Lescure said, in a statement to the nation's legislators.

The pan-continental Stoxx Europe 600 Index was off 0.2% mid-session.

The Stoxx Europe 600 Technology Index was down 2.4%, and the Stoxx 600 Banks Index lost 0.2%.

The Stoxx Europe 600 Oil and Gas Index eased 0.3%, but the Stoxx 600 Europe Food and Beverage Index inclined 1.6%.

The REITE, a European REIT index, rose 0.4%.

On the national market indexes, Germany's DAX was down 0.6%, but the FTSE 100 in London gained 0.3%. The CAC 40 in Paris was up 0.2%, and Spain's IBEX 35 lifted 0.1%.

Yields on benchmark 10-year German bonds were higher, near 2.97%.

Front-month North Sea Brent crude-oil futures were up 1.1% at $72.76 a barrel.

The Euro Stoxx 50 volatility index was up 0.5% at 15.97, 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.