By  on August 11, 2014

LONDON — Europe’s stocks were all on the rise in trading Monday morning.

The FTSE MIB in Milan climbed 1.5 percent to 19,483.71, while the DAX in Frankfurt rose 1.4 percent to 9,133.37. The CAC 40 in Paris gained 0.9 percent to 4,186.22 and the FTSE 100 in London was up 0.7 percent to 6,615.74.

Investor sentiment was boosted by an easing in tensions between Ukraine and Russia, after Russia said on Friday it had ended military exercises near its border with Ukraine.

The majority of fashion, luxury and retail stocks logged gains too. The highest risers included Tod’s, up 3 percent to 81.55 euros; Aeffe, which rose 3.2 percent to 1.28 euros; Yoox Group, up 2.3 percent to 17.91 euros and, which rose 1.9 percent to 0.39 pounds.

The few fallers numbered Gemfields, down 0.5 percent to 0.46 pounds and Ted Baker, which dipped 0.4 percent to 16.64 pounds.

At 10.45 CET, the pound traded for $1.67 while the euro changed hands for $1.34.


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