By  on September 4, 2014

LONDON — European markets were uneven in mid-morning trading on Thursday, ahead of scheduled interest rate announcements by the Bank of England and the European Central Bank.

The FTSE 100 in London rose 0.1 percent to 6,882.09, while the FTSE MIB in Milan edged up 0.02 percent to 20,835.84. The DAX in Frankfurt fell 0.6 percent to 9,569.12, while the CAC 40 in Paris slipped 0.3 percent to 4,410.73.

The euro traded at $1.31, while the pound fetched $1.65, and the Swiss franc equaled $1.10 at 10:45 am CET.

Retail and luxury stocks put on a patchy show, with the morning’s biggest gainers including mining company Gemfields, up 2 percent to 0.48 pounds; French Connection Group, 2.4 percent to 0.63 pounds; and Safilo Group, 1.4 percent to 12.07 euros.

Thursday’s gain followed a bleak Wednesday for Italian eyewear manufacturer Safilo, which lost more than 25 percent of its market capitalization on the Milan stock exchange following the announcement that luxury group Kering plans to take its optical business in-house.

Among the stocks that lost the most ground were Yoox Group, 1.4 percent to 20.08 euros; Asos.com, 2.3 percent to 26.27 pounds; and Tod’s, 1.5 percent to 87.25 euros.

 

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