07:40 AM EDT, 07/22/2025 (MT Newswires) -- European bourses tracked moderately lower midday Tuesday, as traders awaited clarity on US-European Union trade talks, as an Aug. 1 deadline to cinch a deal approaches.

US officials told the EU's trade chief last week they anticipate President Donald Trump may want more concessions from the bloc, including a baseline tariff on most European goods at 15%, according to media reports.

On continental trading floors, tech stock led broad market losses.

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

The pan-continental Stoxx Europe 600 Index was off 0.6% mid-session.

The Stoxx Europe 600 Technology Index was down 1.4%, and the Stoxx 600 Banks Index lost 0.3%.

The Stoxx Europe 600 Oil and Gas Index was off 0.4%, and the Stoxx 600 Europe Food and Beverage Index fell 0.4%.

The REITE, a European REIT index, fell 0.2%, while the Stoxx Europe 600 Retail Index was down 0.2%.

On the national market indexes, Germany's DAX was down 1.1%, and the FTSE 100 in London lost 0.1%. The CAC 40 in Paris was off 0.9%, and Spain's IBEX 35 eased 0.2%.

Yields on benchmark 10-year German bonds were steady, near 2.62%.

Front-month North Sea Brent crude-oil futures were down 0.9% at $68.61 a barrel.

The Euro Stoxx 50 volatility index was up 6.1% to 18.68, 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.