07:47 AM EDT, 06/04/2025 (MT Newswires) -- European bourses tracked moderately higher midday Wednesday amid renewed appetite for tech shares after Taiwan Semiconductor Manufacturing Co. (TSM) overnight forecast robust revenue growth amid AI chip demand.

Germany's DAX broad-market equity index struck a fresh all-time high, in mid-session trading.

In addition to tech stocks, food shares gained, while bank stocks lagged on continental trading floors.

Investors also eyed Wall Street futures modestly signaling green, and solidly higher closes overnight on Asian exchanges, on tech-sector strength.

In economic news, the seasonally adjusted eurozone composite purchasing managers index fell to 50.2 in May from 50.4 in April, but still striking above the 50-mark that separates growth from contraction, S&P Global reported.

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

The Stoxx Europe 600 Technology Index was 1.3% higher, while the Stoxx 600 Banks Index lost 0.7%.

The Stoxx Europe 600 Oil and Gas Index was off 0.3%, while the Stoxx 600 Europe Food and Beverage Index edged 0.9% higher.

The REITE, a European REIT index, fell 0.4%, and the Stoxx Europe 600 Retail Index declined 0.4%.

On the national market indexes, Germany's DAX was up 0.6%, and the FTSE 100 in London was 0.1% higher. The CAC 40 in Paris was up 0.5%, but Spain's IBEX 35 lost 0.3%.

Yields on benchmark 10-year German bonds were higher, near 2.52%.

Front-month North Sea Brent crude-oil futures were steady near $65.64 per barrel.

The Euro Stoxx 50 volatility index was down 2.3% at 18.23, 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.