07:38 AM EDT, 05/06/2024 (MT Newswires) -- European bourses tracked moderately higher midday Monday on Wall Street cues, and the outlook for moderating inflation and interest rates.

Oil, bank and tech stocks led gainers. Yields on benchmark European sovereign bonds eased. London's FTSE 100 again tested fresh all-time record highs.

Investors also eyed Wall Street futures signaling green, and higher closes overnight on Asian exchanges, in holiday-thinned trading.

In economic news, the final, seasonally adjusted Eurozone composite purchasing managers index (PMI), a combination of the continent's manufacturing and service sectors, posted at 51.7 in April, up from 50.3 in March, rising further above the 50-marker that separates growth from contraction.

The pan-continental Stoxx Europe 600 Index was up 0.6% mid-session.

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

The Stoxx Europe 600 Oil and Gas Index was up 1.2%, and the Stoxx 600 Europe Food and Beverage Index inclined 0.6%.

The REITE, a European REIT index, rose 0.2%, and the Stoxx Europe 600 Retail Index inclined 0.1%.

On the national market indexes, Germany's DAX was up 0.9%, and the FTSE 100 in London was up 0.5%. The CAC 40 in Paris was up 0.8%, and Spain's IBEX 35 gained 0.6%.

Yields on benchmark 10-year German bonds were lower, near 2.45%.

Front-month North Sea Brent crude-oil futures were up 0.8% to $83.65 per barrel.

The Euro Stoxx 50 volatility index was down 0.5% to 14.37, 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.