07:51 AM EDT, 06/27/2025 (MT Newswires) -- European bourses tracked higher midday Friday as investors weighed relative Middle East calm, and an improving outlook for US-global trade relations.

China and the US have reached a trade agreement, and deals with 10 other nations are on the table, said President Donald Trump and US Commerce Secretary Howard Lutnick, late Thursday.

Bank, tech and retail stocks led broad market gains on continental trading floors.

Investors also eyed Wall Street futures flashing green, but choppy closes overnight on Asian exchanges.

In economic news, a consumer confidence index for the euro area decreased to negative 15.3 in June from negative 15.2 in May, reported the European Commission. In the broader European Union, the consumer confidence index declined to negative 14.8 in June, from negative 14.5 in May.

The pan-continental Stoxx Europe 600 Index was up 0.9% mid-session.

The Stoxx Europe 600 Technology Index was up 0.6%, and the Stoxx 600 Banks Index inclined 1%.

The Stoxx Europe 600 Oil and Gas Index was up 0.2%, and the Stoxx 600 Europe Food and Beverage Index rose 0.1%.

The REITE, a European REIT index, rose 0.2%, while the Stoxx Europe 600 Retail Index inclined 0.6%.

On the national market indexes, Germany's DAX was up 0.6%, and the FTSE 100 in London also gained 0.6%. The CAC 40 in Paris was up 1.3%, and Spain's IBEX 35 rose 0.7%.

Yields on benchmark 10-year German bonds were higher, near 2.58%.

Front-month North Sea Brent crude-oil futures were up 0.2% at $66.85 a barrel.

The Euro Stoxx 50 volatility index was down 3.9% to 17.56, 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.