LONDON — European stock markets edged down in mid-morning trading on Friday, following a strong close on Thursday.
The CAC 40 in Paris, the DAX in Frankfurt and the FTSE 100 in London were each down 0.5 percent to 3,908.90 points, 8,297.15 and 6,603.27, respectively. Meanwhile, Milan's FTSE MIB slipped 0.1 percent to 16,034.09.
The euro traded at $1.31 against the dollar, while the pound fetched $1.52, and the Swiss franc equaled $1.06 at 11 a.m. CET.
Retail and luxury stocks put on a mixed show, with the day's biggest gainers including Brunello Cucinelli, which advanced 1.1 percent after reporting a 16.5 percent uptick in first-half revenue. Yoox.com increased 2.9 percent to 20.01 euros, while Gemfields was up 1.3 percent to 0.20 pounds.
Among the stocks that lost the most ground were Carrefour, down 1.8 percent to 22.82 euros. Mulberry Group declined 3 percent to 9.60 pounds. Swatch Group retreated 1.5 percent to 92.05 Swiss francs, and Kering dipped 1 percent to 170.45 euros.
On Thursday, European stock markets were up at the close of trading, buoyed by a rally in the U.S.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
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@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)