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Tech Caution as European Bourse Ease from Record Highs
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Tech Caution as European Bourse Ease from Record Highs
Jul 6, 2026 5:05 AM

07:42 AM EDT, 07/06/2026 (MT Newswires) -- European bourses eased modestly from record zeniths set last week, as traders midday Monday warily eyed tech stocks but also noted softer crude prices.

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

Investors additionally eyed Wall Street futures flashing green, but mixed closes overnight on Asian exchanges.

In economic news, retail sales in the Eurozone rose a seasonally adjusted 0.2% in May from April, while those in the broader European Union rose by 0.5%. On year, sales rose by 1.6% in May in the Eurozone and by 1.9% in the EU.

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

The Stoxx Europe 600 Technology Index was down 0.5%, but the Stoxx 600 Banks Index gained 0.1%.

The Stoxx Europe 600 Oil and Gas Index eased 0.7%, while the Stoxx 600 Europe Food and Beverage Index declined 0.3%.

The REITE, a European REIT index, fell 0.7%.

On the national market indexes, Germany's DAX was 0.1%, and the FTSE 100 in London lost 0.3%. The CAC 40 in Paris was steady, and Spain's IBEX 35 eased 0.8%.

Yields on benchmark 10-year German bonds were lower, near 2.93%.

Front-month North Sea Brent crude-oil futures were down 0.4% at $71.84 a barrel.

The Euro Stoxx 50 volatility index was down 3.3% at 15.54, 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.

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