07:40 AM EDT, 03/31/2025 (MT Newswires) -- European bourses tracked solidly lower midday Monday, as traders weighed global equity sell-offs and awaited the implementation this week of Trump Administration tariffs, including a 25% import levy on automobiles.

Bank, retail and tech stocks led wide market losses.

Investors also eyed Wall Street futures signaling red, and sell-offs overnight on Asian exchanges, including 4% declines on broad-market equity indices in Tokyo and Taiwan.

The pan-continental Stoxx Europe 600 Index was down 1.7% mid-session.

The Stoxx Europe 600 Technology Index was off 2.1%, and the Stoxx 600 Banks Index lost 2.4%.

The Stoxx Europe 600 Oil and Gas Index was off 1.1%, and the Stoxx 600 Europe Food and Beverage Index declined 0.8%.

The REITE, a European REIT index, fell 1%, and the Stoxx Europe 600 Retail Index declined 1.7%.

On the national market indexes, Germany's DAX was down 2%, and the FTSE 100 in London was down 1.3%. The CAC 40 in Paris was off 1.9%, and Spain's IBEX 35 lost 1.8%.

Yields on benchmark 10-year German bonds were lower, near 2.69%.

Front-month North Sea Brent crude oil futures were up 0.3% to $73.01 per barrel.

The Euro Stoxx 50 volatility index was up 9.8% to 22.61, indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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