European bourses tracked moderately higher midday Wednesday as traders bought into tech issues ahead of the earnings report from US-based AI-chipmaking giant Nvidia (NVDA), considered a bellwether for the sector.

Nvidia, with a $3.16 trillion market cap, will post its quarterly financial results after-bell on Wall Street.

Food and tech stocks led gainers in Europe, while bank and oil issues lagged.

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

The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session.

The Stoxx Europe 600 Technology Index was up 1%, but the Stoxx 600 Banks Index lost 0.7%.

The Stoxx Europe 600 Oil and Gas Index was off 0.7%, but the Stoxx 600 Europe Food and Beverage Index inclined 0.8%.

The REITE, a European REIT index, fell 0.3%, and the Stoxx Europe 600 Retail Index declined 0.6%.

On the national market indexes, Germany’s DAX was up 0.8%, and the FTSE 100 in London was down 0.1%. The CAC 40 in Paris was up 0.5%, and Spain’s IBEX 35 was steady.

Yields on benchmark 10-year German bonds were lower, near 2.23%.

Front-month North Sea Brent crude-oil futures were down 1.6% to $77.41 per barrel.

The Euro Stoxx 50 volatility index was down 3.3% to 14.96, 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. The volatility index had notched over the 30-marker in late September.