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US Shutdown, Bank Shares Lift European Bourse Midday
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US Shutdown, Bank Shares Lift European Bourse Midday
Nov 11, 2025 3:51 AM

06:39 AM EST, 11/11/2025 (MT Newswires) -- European bourses tracked moderately higher midday Tuesday as traders again embraced financial-sector shares and digested a pending end to the US government shutdown.

Food, bank, and oil stocks led gains on continental trading floors, while property and retail shares lagged.

Investors also eyed Wall Street futures drifting lower, and mixed closes overnight on Asian exchanges.

In economic news, Germany's economic sentiment index logged at 38.5 in November, off modestly from 39.3 in October, reported the Leibniz Centre for European Economic Research (ZEW). The economic research institute said the November result indicated "cautious optimism."

The pan-continental Stoxx Europe 600 Index was up 0.7% mid-session.

The Stoxx Europe 600 Technology Index was up 0.4%, and the Stoxx 600 Banks Index gained 0.8%.

The Stoxx Europe 600 Oil and Gas Index rose 0.8%, while the Stoxx 600 Europe Food and Beverage Index advanced 1.1%.

The REITE, a European REIT index, was flat, while the Stoxx Europe 600 Retail Index was down 0.3%.

On the national market indexes, Germany's DAX rose 0.2%, and the FTSE 100 in London gained 0.9%. The CAC 40 in Paris was up 0.7%, and Spain's IBEX 35 rose 0.5%.

Yields on benchmark 10-year German bonds were higher, near 2.67%.

Front-month North Sea Brent crude oil futures were up 0.5% at $64.36 a barrel.

The Euro Stoxx 50 volatility index was down 2.3% at 18.01, 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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