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Uncertain Trade Outlook Caps European Bourses Midday
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Uncertain Trade Outlook Caps European Bourses Midday
Jun 30, 2025 4:56 AM

07:40 AM EDT, 06/30/2025 (MT Newswires) -- European bourses tracked sideways midday Monday as traders weighed media reports that the EU and the US may conclude a trade deal by July 9.

Property and retail stocks led gainers, while bank shares lagged.

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

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

The Stoxx Europe 600 Technology Index was up 0.4%, while the Stoxx 600 Banks Index was down 0.8%.

The Stoxx Europe 600 Oil and Gas Index was off 0.2%, while the Stoxx 600 Europe Food and Beverage Index was 0.2% higher.

The REITE, a European REIT index, was up 0.8%, while the Stoxx Europe 600 Retail Index was 0.5% higher.

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

Yields on benchmark 10-year German bonds were stable, near 2.57%.

Front-month North Sea Brent crude-oil futures were down 0.3% at $66.61 a barrel.

The Euro Stoxx 50 volatility index was up 2.3% at 17.81, 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.

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