By  on May 27, 2013

PARIS — Most of the major European indexes rebounded on Monday following heavy losses last week, though volumes were curtailed by the closure of the U.K. market.

The CAC 40 in Paris climbed 0.7 percent to 3,985.85, the FTSE MIB in Milan rose 1.2 percent to 17,097.11, and Frankfurt’s DAX was up 0.6 percent to 8,356.07. The euro was trading at $1.29 against the dollar, the pound $1.51 and the Swiss franc $1.04 at 11:55 a.m. CET.

Retail and luxury stocks were mostly higher, with the morning’s strongest performers including Geox, up 2.3 percent to 2.16 euros; Safilo Group, which gained 2.2 percent to 14.30 euros, and Ferragamo, which climbed 3.2 percent to 24.27 euros.

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