LONDON — European stock markets edged up at the close of trading on Thursday, with Milan’s FTSE MIB in the lead.
The Italian market advanced 0.9 percent to 19,099.36; followed by the DAX in Frankfurt, 0.4 percent to 9,387.37; and the CAC 40 in Paris, 0.2 percent to 4,302.42. The FTSE 100 in London advanced 0.1 percent to 6,654.47.
The euro traded at $1.36, while the pound fetched $1.62, and the Swiss franc, $1.10.
Retail and luxury stocks were mostly up, with the exception of Mulberry Group, which fell 1.4 percent to 9.95 pounds, and Marks & Spencer Group, 0.8 percent to 4.86 pounds.
Among the stocks that gained the most ground were Brunello Cucinelli, 2.7 percent to 25.65 euros; Asos.com, 1.3 percent to 57.93 pounds; and Tod’s, 1.1 percent to 126.20 euros.
Italian stocks got a boost on Thursday after Italy’s senate voted earlier this week to expel former Prime Minister Silvio Berlusconi from parliament following his conviction for tax fraud.
The move means that Berlusconi – an increasingly embattled and unpopular figure - no longer has immunity from prosecution and can be arrested in other criminal cases.
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @victoriastevens; Interview by @ktauer; Styled by @thealexbadia)