07:49 AM EDT, 03/10/2025 (MT Newswires) -- European bourses tracked moderately lower midday Monday as traders awaited clarity on tariffs from President Donald Trump and for clues to the outlook of the Ukraine-Russian war.

Real estate, food and oil stocks bucked trends to gain, while bank and tech issues lagged.

Investors also eyed Wall Street futures signaling red, and uneven closes overnight on Asian exchanges. The Hong Kong Hang Seng index fell back 1.9% after soft inflation reports from Beijing renewed concerns the huge China economy is stalling.

In economic news, the Eurozone Sentix Investor Confidence indicator logged at negative 2.9 in March, compared with negative 12.7 in February.

In other news, HSBC on Monday downgraded US equities on tariff turmoil, but turned bullish on European stocks, citing likely heavier fiscal outlays in Germany.

The pan-continental Stoxx Europe 600 Index was off 0.6% mid-session.

The Stoxx Europe 600 Technology Index was off 1.6%, and the Stoxx 600 Banks Index lost 1.4%.

The Stoxx Europe 600 Oil and Gas Index was up 0.2%, while the Stoxx 600 Europe Food and Beverage Index edged 0.3% higher.

The REITE, a European REIT index, rose 1.2%, while the Stoxx Europe 600 Retail Index declined 0.2%.

On the national market indexes, Germany's DAX was down 1%, and the FTSE 100 in London was 0.4% lower. The CAC 40 in Paris was off 0.5%, and Spain's IBEX 35 lost 1%.

Yields on benchmark 10-year German bonds were steady, near 2.8%.

Front-month North Sea Brent crude-oil futures were up 0.4% at $70.66 per barrel.

The Euro Stoxx 50 volatility index was up 1.7% at 23.04, indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.