By  on April 10, 2013

LONDON — Europe's markets were making gains for the third day in a row during Wednesday morning trading.

Milan's FTSE MIB was leading the way, up 1.3 percent to 15,637.11, followed by Paris' CAC 40 and the DAX in Frankfurt, which both increased 0.8 percent, to 3,701.31 and to 7,695.93 respectively. London's FTSE 100 advanced 0.6 percent to 6,352.71.

The pound was trading at $1.53 against the dollar, the euro was getting $1.30, while the Swiss franc was fetching $1.07 at 10.35 a.m. CET.

Retail and luxury stocks were mostly making slight increases. Among shares gaining ground were Debenhams, up 2.1 percent to 0.82 pounds; the Swatch Group, 1.4 percent to 91.85 Swiss francs; and LVMH Moët Hennessy Louis Vuitton, 1 percent to 131.10 euros.

Stocks losing ground included Mulberry, down 0.9 percent to 9.52 pounds, and Hermès International, slipping 0.5 percent to 258.60 euros.

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