07:50 AM EDT, 06/12/2025 (MT Newswires) -- European bourses tracked lower midday Thursday after US President Donald Trump said Wednesday he would impose unilateral tariffs on dozens of trading partners, within two weeks.

The European Union is likely to be among the last trade deals that the Trump administration completes, as the White House rushes to strike tariff agreements with other trading partners, media outlets reported, citing US Commerce Secretary Howard Lutnick.

Retail, tech and bank issues led broad market declines in continental trading, though food stocks held firm and oil shares edged higher.

Investors also eyed Wall Street futures signaling red, and lower closes overnight on Asian exchanges.

The European Central Bank's easing cycle is "coming to an end as medium-term inflation is stabilizing around target," news outlets reported, citing Isabel Schnabel, ECB executive board member.

The pan-continental Stoxx Europe 600 Index was down 0.8% mid-session.

The Stoxx Europe 600 Technology Index was off 1.2%, and the Stoxx 600 Banks Index lost 1%.

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

The REITE, a European REIT index, fell 0.6%, and the Stoxx Europe 600 Retail Index declined 1.2%.

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 0.7%, and Spain's IBEX 35 shed 0.9%.

Yields on benchmark 10-year German bonds were lower, near 2.48%.

Front-month North Sea Brent crude-oil futures were down 1.7% at $68.57 a barrel.

The Euro Stoxx 50 volatility index was up 12.4% at 19.49, indicating marginally 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.