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Europe’s Markets Mixed

Investors are cautious ahead of meetings of the European Central Bank and Bank of England later today.

LONDON — Europe’s markets put on a mixed performance in mid-morning trading Thursday.

 

The DAX in Frankfurt climbed 0.1 percent to 9,147.28, while the CAC 40 in Paris and the FTSE 100 in London were both unchanged at 4,149.18 and 6,507.40, respectively. Meanwhile, the FTSE MIB in Milan slipped 0.2 percent to 18,279.11.

 

Retailers were among the stocks pushing London’s shares down, with Tesco losing 2.2 percent to 3.32 pounds, Morrison Supermarkets falling 2 percent to 2.55 pounds and Marks & Spencer slipping 1.5 percent to 4.67 pounds.

 

Investors are said to be holding back ahead of the European Central Bank’s forecast of the region’s economic performance when it meets later on Thursday, while the Bank of England is also due to meet later today.

 

Luxury stocks were on an upswing in the morning’s trading, with Tod’s climbing 0.9 percent to 123.90 euros and Burberry gaining 0.5 percent to 14.85 pounds.

 

But mass retailers suffered falls, including French Connection, down 1.3 percent to 0.37 pounds; Hennes & Mauritz, which dipped 0.7 percent to 280.90 Swedish kroner, and Inditex, which fell 0.4 percent to 115.25 euros.

 

The euro traded for $1.36 Thursday, while the pound traded for $1.64. The Swiss franc went for $1.10 and the Swedish krona for $0.15.