07:42 AM EDT, 07/11/2025 (MT Newswires) -- European bourses tracked solidly lower midday Friday, after President Donald Trump late Thursday indicated a letter may be sent to European Union officials before the weekend, with new tariff schedules.

Trump also said late Thursday that he is planning a 35% import levy on Canadian products, although certain goods, covered under an existing trade agreement, would be exempted.

Tech stocks led broad market declines on continental trading floors, although oil issues held firm.

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

In economic news, wholesale prices in Germany rose by 0.9% in June on year, reported the Federal Statistics Office.

The pan-continental Stoxx Europe 600 Index was off 1% mid-session.

The Stoxx Europe 600 Technology Index was down 0.9%, and the Stoxx 600 Banks Index lost 1.9%.

The Stoxx Europe 600 Oil and Gas Index was steady, but the Stoxx 600 Europe Food and Beverage Index fell 0.7%.

The REITE, a European REIT index, fell 0.7%, while the Stoxx Europe 600 Retail Index was down 0.7%.

On the national market indexes, Germany's DAX was down 1%, and the FTSE 100 in London lost 0.4%. The CAC 40 in Paris was off 0.9%, and Spain's IBEX 35 eased 0.8%.

Yields on benchmark 10-year German bonds were higher, near 2.68%.

Front-month North Sea Brent crude-oil futures were up 0.8% at $69.19 a barrel.

The Euro Stoxx 50 volatility index was up 8.7% to 17.39, 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.