07:46 AM EDT, 10/16/2024 (MT Newswires) -- European bourses tracked moderately lower Wednesday after soft bellwether earnings reports the Netherlands-based ASML, a maker of chip-making equipment, and French luxury goods house LVMH dented investor appetites.

Oil and property issues gained, while tech and bank shares lagged.

Investors also eyed muted Wall Street futures, and largely lower closes overnight on Asian exchanges.

The UK consumer prices index, or CPI, rose by 1.7% in September on year, down from 2.2% on year in August, reported the Office for National Statistics.

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

The Stoxx Europe 600 Technology Index was off 0.7%, and the Stoxx 600 Banks Index lost 0.8%.

The Stoxx Europe 600 Oil and Gas Index was up 0.6%, but the Stoxx 600 Europe Food and Beverage Index declined 0.5%.

The REITE, a European REIT index, rose 0.4%, and the Stoxx Europe 600 Retail Index inclined 0.4%.

On the national market indexes, Germany's DAX was down 0.2% and the FTSE 100 in London was up 0.7%. The CAC 40 in Paris was off 0.6%, and Spain's IBEX 35 gained 0.1%.

Yields on benchmark 10-year German bonds were lower, near 2.19%.

Front-month North Sea Brent crude-oil futures were down 0.6% to $73.83 per barrel.

The Euro Stoxx 50 volatility index was up 4.2% to 19.38, 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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