07:40 AM EDT, 06/09/2025 (MT Newswires) -- European bourses tracked moderately lower midday Monday as investors await the results of trade negotiations between Beijing and Washington underway in London, and monitor war news from Ukraine.

Food and property stocks led gainers, while tech issues lagged.

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

In economic news, the European Central Bank (ECB) is near the end of the rate-cut cycle, Governing Council member and National Bank of Slovakia Governor Peter Kazimir said, reported Reuters.

The pan-continental Stoxx Europe 600 Index was off 0.2% mid-session.

The Stoxx Europe 600 Technology Index was off 0.8%, and the Stoxx 600 Banks Index was flat.

The Stoxx Europe 600 Oil and Gas Index was off 0.1%, but the Stoxx 600 Europe Food and Beverage Index inclined 0.4%.

The REITE, a European REIT index, rose 0.4%, but the Stoxx Europe 600 Retail Index was steady.

On the national market indexes, Germany's DAX was down 0.6%, and the FTSE 100 in London was down 0.1%. The CAC 40 in Paris was off 0.2%, but Spain's IBEX 35 gained 0.1%.

Yields on benchmark 10-year German bonds were lower, near 2.56%.

Front-month North Sea Brent crude-oil futures were up 0.3% to $66.67 per barrel.

The Euro Stoxx 50 volatility index was up 3.1% to 18.06 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.