Q1 US Unit Labor Costs Revised Down to 1.8% Growth Rate vs 2.4% Gain Expected, 2.3% Preliminary Gain

Q1 US Nonfarm Productivity Revised Down to 0.3% Growth Rate vs 0.4% Gain Expected, 0.8% Preliminary Gain

US Initial Jobless Claims 225,000 Vs. Expected 215,000, Prior 212,000

Tech Swoon, Middle East Views Churn European Bourses Midday

European bourses tracked modestly lower midday Thursday as traders joined the global risk-off mood on tech issues, and weighed developments in the Middle East.Tech, bank, and oil stocks declined on continental trading floors, while food shares edged higher.Front-month North Sea Brent crude oil futures were down 2.6% at $95.31 a barrel mid-session, after media reports of a possible Hezbollah-Israel ceasefire deal.Investors also eyed Wall Street futures flashing red, and lower closes overnight on Asian exchanges, as traders grew wary of valuations in tech- and AI-shares.In economic news, retail sales in the eurozone in May fell a seasonally adjusted 0.4% in May from April, and decreased by 0.5% in the broader European Union, reported Eurostat. On the year, retail sales in May rose by 0.8% in the euro area and by 1.1% in the EU.The pan-continental Stoxx Europe 600 Index was off 0.1% mid-session.The Stoxx Europe 600 Technology Index was down 1%, and the Stoxx 600 Banks Index lost 1%.The Stoxx Europe 600 Oil and Gas Index eased 0.9%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.2%.The REITE, a European REIT index, rose 0.1%.On the national market indexes, Germany's DAX was up 0.6%, and the FTSE 100 in London lost 0.5%. The CAC 40 in Paris was up 0.9%, and Spain's IBEX 35 lifted 0.5%.Yields on benchmark 10-year German bonds were lower, near 3.02%.The Euro Stoxx 50 volatility index was down 0.1% at 19.22, 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.