Geopolitics, Trade Views Undercut European Bourses Midday
Oil stocks bucked trends to gain while tech issues lagged.
Investors also eyed
The UK's consumer price index (CPI) rose 2.8% on the year in February, below the 3% rate logged in January, the
The pan-continental Stoxx Europe 600 Index was off 0.4% mid-session.
The Stoxx Europe 600 Technology Index was off 0.9%, and the Stoxx 600 Banks Index lost 0.4%.
The Stoxx Europe 600 Oil and Gas Index was up 1.3%, but the Stoxx 600 Europe Food and Beverage Index declined 0.4%.
The REITE, a European REIT index, rose 0.1%, but the Stoxx Europe 600 Retail Index declined 0.3%.
On the national market indexes,
Yields on benchmark 10-year German bonds were higher, near 2.80%.
Front-month North Sea Brent crude-oil futures were up 0.9% to
The Euro Stoxx 50 volatility index was up 2.7% to 18.20, 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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