06:57 AM EST, 11/26/2024 (MT Newswires) -- European bourses tracked moderately lower midday Tuesday as traders weighed statements made Monday by President-elect Donald Trump that he favored higher tariffs on goods shipped to the US.

Retail and food stocks led broad-market declines on the continent.

Investors also eyed flat Wall Street futures, but lower closes overnight on Asian exchanges.

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

The Stoxx Europe 600 Technology Index was off 0.6%, and the Stoxx 600 Banks Index lost 0.7%.

The Stoxx Europe 600 Oil and Gas Index was off 0.7%, but the Stoxx 600 Europe Food and Beverage Index declined 1%.

The REITE, a European REIT index, fell 0.6%, and the Stoxx Europe 600 Retail Index declined 1.3%.

On the national market indexes, Germany's DAX was down 0.5%, and the FTSE 100 in London was down 0.2%. The CAC 40 in Paris was off 0.4%, and Spain's IBEX 35 gained 0.9%.

Yields on benchmark 10-year German bonds were lower, near 2.20%.

Front-month North Sea Brent crude-oil futures were up 0.9% to $73.13 per barrel.

The Euro Stoxx 50 volatility index was up 2% to 17.55, 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.