07:49 AM EDT, 04/01/2025 (MT Newswires) -- European bourses tracked moderately higher midday Tuesday as traders awaited the Trump tariffs, considered values after recent sell-offs, and weighed an encouraging Eurozone inflation report.

Bank, retail, and tech stocks led broad market gains.

Investors also eyed Wall Street futures signaling red but higher closes overnight on Asian exchanges.

In economic news, Eurozone inflation logged at 2.2% on year in March, down from the 2.3% on-year rate posted in February, Eurostat reported.

The European Central Bank meets on April 17 to adjust monetary policy and is expected to cut rates.

The Eurozone manufacturing purchasing managers index (PMI) rose to 48.6 in March from 47.6 in February, still below the 50-marker that separates growth from contraction, but striking its highest point in 26 months, reported S&P Global.

The pan-continental Stoxx Europe 600 Index was 0.9% mid-session.

The Stoxx Europe 600 Technology Index was up 1.2%, and the Stoxx 600 Banks Index gained 1%.

The Stoxx Europe 600 Oil and Gas Index was up 0.1%, and the Stoxx 600 Europe Food and Beverage Index inclined 0.5%.

The REITE, a European REIT index, rose 0.9%, and the Stoxx Europe 600 Retail Index inclined 1.4%.

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 0.6%, and Spain's IBEX 35 gained 0.6%.

Yields on benchmark 10-year German bonds were lower, near 2.66%.

Front-month North Sea Brent crude-oil futures were steady at $74.76 per barrel.

The Euro Stoxx 50 volatility index was down 3.4% to 23.40, 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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