Fed, Ukraine, UK Budget Views Elevate European Bourses Midday

06:50 AM EST, 11/26/2025 (MT Newswires) -- European bourses tracked moderately higher midday Wednesday as traders awaited the disclosure of a UK national budget plan from the Labor government, and mulled reports of possible Ukraine-Russia ceasefire.

Tech, bank and oil stocks led gains on continental trading floors, while food shares lagged.

Investors also eyed Wall Street futures flashing green, and higher closes overnight on Asian exchanges, on expectations of a rate cut from the US Federal Reserve in December.

The pan-continental Stoxx Europe 600 Index was up 0.3% mid-session.

The Stoxx Europe 600 Technology Index was up 0.3%, and the Stoxx 600 Banks Index gained 0.6%.

The Stoxx Europe 600 Oil and Gas Index rose 0.6%, while the Stoxx 600 Europe Food and Beverage Index lost 0.4%.

The REITE, a European REIT index, rose 0.1%, while the Stoxx Europe 600 Retail Index was up 0.4%.

On the national market indexes, Germany's DAX was up 0.4%, and the FTSE 100 in London gained 0.2%. The CAC 40 in Paris rose 0.5%, and Spain's IBEX 35 lifted 0.5%.

Yields on benchmark 10-year German bonds were steady, near 2.68%.

Front-month North Sea Brent crude-oil futures were up 0.2% at $61.91 a barrel.

The Euro Stoxx 50 volatility index was down 4.7% at 18.75, 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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