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Europe’s Markets Broadly Flat

Retail and luxury stocks were mixed in mid-morning trading.

LONDON European stock markets were broadly flat in mid-morning trading today, with the CAC 40 in Paris the only one gaining modest ground.
    
The French market was up 0.1 percent to 3,604.63, while the FTSE 100 in London and the DAX in Frankfurt were each down 0.1 percent to 5,894.89 and 7,530.82, respectively. The FTSE MIB in Milan, meanwhile, sank 0.7 percent to 15,721.32.
    
The euro traded at $1.30, the pound at $1.61 and the Swiss franc at $1.08 at 10:50 a.m. CET.
    
Retail and luxury stocks were mixed, with the morning’s biggest gainers including French Connection Group, which was up 4.6 percent to 0.32 pounds, and Next plc, which rose 0.6 percent to 37.33 pounds.
    
Among the stocks that lost the most ground were Italian clothing manufacturer Aeffe SpA, which was down 2 percent to 0.55 euros; Asos.com, which sank 1.7 percent to 24.50 pounds, and Marks & Spencer Group, which fell 1.6 percent to 3.91 pounds.