06:38 AM EST, 01/08/2026 (MT Newswires) -- European bourses tracked moderately lower midday Thursday as traders embraced the global risk-off mood on tech shares and weighed the profit outlook for retailers.

Bank stocks led gains on continental trading floors, while oil stocks lost ground.

Shares in Associated British Foods, also known as AB Foods, fell 11.3% midday after the UK retailer, owner of the Primark brand, issued a profit warning.

Investors also eyed Wall Street futures flashing red, and lower closes overnight on Asian exchanges.

In economic news, the Eurozone producer price index (PPI) in November rose by 0.5% from October, and by 0.6% in the broader European Union (EU), reported Eurostat. On year, the PPI decreased by 1.7% in the Eurozone and fell by 1.3% in the EU.

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

The Stoxx Europe 600 Technology Index was down 1.5%, but the Stoxx 600 Banks Index gained 0.4%.

The Stoxx Europe 600 Oil and Gas Index eased 1.1%, while the Stoxx 600 Europe Food and Beverage Index rose 0.1%.

The REITE, a European REIT index, fell 0.6%, while the Stoxx Europe 600 Retail Index was down 1.4%.

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

Yields on benchmark 10-year German bonds were steady, near 2.83%.

Front-month North Sea Brent crude oil futures were up 1.1% at $60.64 a barrel.

The Euro Stoxx 50 volatility index was up 1.6% at 15.95, but still 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.