By  on July 10, 2014

PARIS — Europe’s major markets posted declines on Thursday morning with FTSE MIB in Milan leading the way, down 1.7 percent to 20,535.01 points.

Paris’ CAC 40 retreated 1 percent to 4,318.47, while the DAX in Frankfurt dipped 0.5 percent to 9,757.16 and the FTSE 100 in London, 0.2 percent to 6,707.07.

Fashion, luxury and retail stocks were mixed.

Among the biggest fallers were the French Connection Group, down 1.9 percent to 0.65 pounds; Geox, 1.8 percent to 2.65 euros; and Gemfields, 1.5 percent to 0.51 pounds.

On the rise were Yoox, 2.2 percent to 18.60 euros; and Unilever and Burberry Group, 2 percent to 31.65 euros and to 14.47 pounds, respectively. The latter’s stock gained after Burberry morning reported a 9 percent jump in revenues to 370 million pounds in the three months ended June 30.

At 11:15 a.m. CET, the euro traded at $1.36 against the dollar and the pound at $1.71.


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