LONDON — European stock markets edged up in mid-morning trading on Thursday ahead of interest rate meetings at the Bank of England and the European Central Bank scheduled for later in the day.
The FTSE MIB in Milan and the CAC 40 in Paris led the upswing, each rising 0.6 percent to 20,890.45 and to 4415.65, respectively. The DAX in Frankfurt and the FTSE 100 in London were both up 0.3 percent to 9,566.33 and to 6,793.65, respectively.
The euro traded against the dollar at $1.37, while the pound fetched $1.67, and the Swiss franc equaled $1.13 at 10:40 a.m. CET.
Retail and luxury stocks put on a mixed show, with the morning’s biggest gainers including Moncler, up 3.5 percent to 13.49 euros, and Yoox.com rising 4.3 percent to 31.85 euros. The latter said Wednesday that net profit last year advanced 23.9 percent to 12.6 million euros. Mulberry Group gained 2.6 percent to 6.65 pounds, while Italia Independent Group was up 2.5 percent to 37.50 euros.
Among the stocks that lost the most ground were Safilo Group, which declined 1.5 percent to 17.04 euros, and Swatch Group, which was down 1.1 percent to 101.80 Swiss francs. On Wednesday, Safilo reported double-digit sales growth for its continuing operations and improvement in adjusted net income in the fourth quarter.