Trade Outlook Elevates European Bourses Midday
Retail, property, tech and bank stocks led gains, while food-sector shares lagged.
Investors also eyed
In economic news, seasonally adjusted industrial production in the Eurozone rose 1.1% in February from January, reported Eurostat. For the broader
Year-over-year in February, industrial output increased 1.2% in the euro area and 0.6% in the EU.
The pan-continental Stoxx Europe 600 Index was up 1% mid-session.
The Stoxx Europe 600 Technology Index was up 1.5%, and the Stoxx 600 Banks Index gained 1.9%.
The Stoxx Europe 600 Oil and Gas Index was up 0.9%, but the Stoxx 600 Europe Food and Beverage Index was flat.
The REITE, a European REIT index, rose 1.8%, and the Stoxx Europe 600 Retail Index inclined 3.2%.
On the national market indexes,
Yields on benchmark 10-year German bonds were higher, near 2.54%.
Front-month North Sea Brent crude-oil futures were down 0.5% to
The Euro Stoxx 50 volatility index was down 10.7% to 26.63. but still 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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