07:47 AM EDT, 09/05/2024 (MT Newswires) -- European bourses tracked moderately lower midday Thursday as traders awaited more clarity regarding central bank policies and again edged back from the tech sector.

Property and bank stocks gained, while food shares joined tech issues in the red zone.

Investors also eyed muted Wall Street futures, and choppy closes overnight on Asian exchanges.

Germany's gross domestic product (GDP), after declining 0.3% in 2023, will "probably only stagnate this year," said the Ifo Institute in their Autumn report.

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

The Stoxx Europe 600 Technology Index was off 0.8%, but the Stoxx 600 Banks Index gained 1.6%.

The Stoxx Europe 600 Oil and Gas Index was up 0.2%, but the Stoxx 600 Europe Food and Beverage Index declined 0.4%.

The REITE, a European REIT index, rose 1.4%, but the Stoxx Europe 600 Retail Index declined 0.5%.

On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London was down 0.1%. The CAC 40 in Paris was off 0.5%, and Spain's IBEX 35 gained 0.6%.

Yields on benchmark 10-year German bonds were higher, near 2.23%.

Front-month North Sea Brent crude-oil futures were up 0.4% to $73.02 per barrel.

The Euro Stoxx 50 volatility index was up 1% to 20.06, indicating average volatility for European stock markets in the next 30 days, a neutral signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.