Fed Outlook, GDP Report Lift European Bourses Midday

06:52 AM EST, 12/05/2025 (MT Newswires) -- European bourses tracked higher midday Friday, en route to a fourth-straight day of gains, as traders weighed odds for a rate cut from the US Federal Reserve next week, and digested a positive report on the overall European economy.

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

Investors also eyed Wall Street futures moderately flashing green, and largely higher closes overnight on Asian exchanges.

In economic news, seasonally adjusted Q3 gross domestic product (GDP) rose by 0.3% from Q2 in the euro area and by 0.4% in the broader European Union (EU), reported Eurostat. From a year ago, the Q3 GDP rose by 1.4% in the euro area and by 1.6% in the EU.

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

The Stoxx Europe 600 Technology Index was up 0.8%, and the Stoxx 600 Banks Index gained 0.3%.

The Stoxx Europe 600 Oil and Gas Index eased 0.7%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.1%.

The REITE, a European REIT index, fell 0.3%, while the Stoxx Europe 600 Retail Index was up 0.4%.

On the national market indexes, Germany's DAX was up 0.6%, and the FTSE 100 in London gained 0.1%. The CAC 40 in Paris was up 0.3%, and Spain's IBEX 35 lifted 0.3%.

Yields on benchmark 10-year German bonds were higher, near 2.78%.

Front-month North Sea Brent crude-oil futures were down 0.1% at $63.22 a barrel.

The Euro Stoxx 50 volatility index was down 3.2% at 15.44, 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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