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Tariff Tumult Tempers European Bourses Midday
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Tariff Tumult Tempers European Bourses Midday
Apr 11, 2025 4:52 AM

07:43 AM EDT, 04/11/2025 (MT Newswires) -- European bourses tracked moderately lower midday Friday as traders weighed rising China and US tariffs and a vow from the continent's central bank to obtain financial stability.

Food, property and retail stocks edged higher, while oil and tech issues lagged.

Investors also eyed Wall Street futures signaling green, but choppy closes overnight on Asian exchanges, including a 3% decline on Tokyo's Nikkei 225.

The European Central Bank (ECB) will use monetary instruments to achieve price and financial stability in the face of US tariffs, said ECB President Christine Lagarde at a bank press conference.

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

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

The Stoxx Europe 600 Oil and Gas Index was off 0.5%, but the Stoxx 600 Europe Food and Beverage Index inclined 0.6%.

The REITE, a European REIT index, rose 0.2%, and the Stoxx Europe 600 Retail Index inclined 0.7%.

On the national market indexes, Germany's DAX was down 1.32%, while the FTSE 100 in London was up 0.51%. The CAC 40 in Paris was down 0.49%, and Spain's IBEX 35 gained 0.1%.

Yields on benchmark 10-year German bonds were lower, near 2.53%.

Front-month North Sea Brent crude-oil futures were down 0.1% to $63.27 per barrel.

The Euro Stoxx 50 volatility index was up 1.6% to 37.83, 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.

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