07:41 AM EDT, 06/10/2025 (MT Newswires) -- European bourses tracked sideways midday Tuesday as investors awaited clarity on the China-US trade talks underway in London, and weighed the effect of tighter regulation on Swiss bank giant UBS (UBS).

UBS shares traded down 6.9% on the Swiss exchange after reports that the Swiss regulators proposed the global bank hold an additional $26 billion in capital.

Property and oil stocks gained, while bank issues lagged.

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

In economic news, the Eurozone investor confidence index logged at a positive 0.2 in June, up from a negative 8.1 in May, reported market-research outfit Sentix.

The pan-continental Stoxx Europe 600 Index was steady mid-session.

The Stoxx Europe 600 Technology Index was up 0.1%, but the Stoxx 600 Banks Index lost 1%.

The Stoxx Europe 600 Oil and Gas Index was up 1.4%, but the Stoxx 600 Europe Food and Beverage Index declined 0.4%.

The REITE, a European REIT index, rose 1.1%, while the Stoxx Europe 600 Retail Index declined 0.4%.

On the national market indexes, Germany's DAX was down 0.4%, but the FTSE 100 in London was up 0.4%. The CAC 40 in Paris was off 0.1%, and Spain's IBEX 35 was flat.

Yields on benchmark 10-year German bonds were lower at 2.53%.

Front-month North Sea Brent crude oil futures were up 0.4% to $67.30 per barrel.

The Euro Stoxx 50 volatility index was up 1.9% to 17.75, 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.