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European Stocks Notch Small Gains

Retail and luxury stocks were mostly up.

LONDON — European stock markets were broadly flat in mid-morning trading on Thursday.

The FTSE MIB in Milan edged up 0.4 percent to 17,413.06, while the CAC 40 in Paris advanced 0.3 percent to 3,720.90. The FTSE 100 inLondon rose 0.01 percent to 6,104.61 while the DAX in Frankfurt retreated 0.3 percent to 7,670.74.

The euro traded at $1.33 while the pound traded at $1.60 and the Swiss franc traded at $1.10 at 11:20 a.m. CET.

Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Carrefour SA, which climbed 5.9 percent to 20.45 euros, on the back of a 0.8 percent rise in fourth quarter revenues to 22.85 billion euros; Tod’s, which advanced 1.5 percent to 101.40 euros; and Ferragamo, which was up 1 percent to 19.80 euros.

Asos.com advanced 0.2 percent to 26.60 pounds after reporting a 39.8 percent rise in revenues to 79.8 million pounds in the month of December. International retail sales were up 47 percent, while U.S. retail sales rose 53 percent in the month — and the outlook is rosy.

“We remain positive in our outlook for 2012/13 as we continue our journey to becoming the number one online fashion destination for twenty-somethings, globally,” asserted the company’s chief executive Nick Robertson in a statement.