Moderated Central Bank Outlooks Undercut European Bourses Midday

07:52 AM EDT, 08/25/2025 (MT Newswires) -- European bourses tracked modestly lower midday Monday as traders adjusted positions after rallies that followed perceived "dovish" comments by US Federal Reserve Chair Jerome Powell on Friday.

London exchanges were closed on holiday.

In continental trading, food stocks edged higher, while property and oil shares lagged.

Investors also eyed modestly red Wall Street futures amid higher closes overnight on Asian exchanges.

In economic news, the Germany Business Climate Index rose to 89.0 in August from 88.6 in July, the Institute for Economic Research (Ifo) reported.

The pan-continental Stoxx Europe 600 Index was off 0.2% mid-session.

The Stoxx Europe 600 Technology Index was down 0.1%, and the Stoxx 600 Banks Index also lost 0.1%.

The Stoxx Europe 600 Oil and Gas Index was off 0.4%, while the Stoxx 600 Europe Food and Beverage Index gained 0.1%.

The REITE, a European REIT index, declined 0.4%, while the Stoxx Europe 600 Retail Index was down 0.2%.

On the national market indexes, Germany's DAX was down 0.2%. The CAC 40 in Paris was off 0.6%, and Spain's IBEX 35 eased 0.5%.

Yields on benchmark 10-year German bonds were higher, near 2.77%.

Front-month North Sea Brent crude-oil futures were up 0.7% at $67.68 a barrel.

The Euro Stoxx 50 volatility index was 3.1% higher at 15.45, but still 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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