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Europe’s Markets Slip

Fashion, luxury and retail stocks put on a varied performance in morning trading Friday.

LONDON ­— Europe’s major stock markets were all down Friday morning.

 

The FTSE MIB in Milan led the falls, slipping 0.5 percent to 21,778.02 points, while the CAC 40 in Paris and the FTSE 100 in London were each down 0.1 percent, to 4,483.93 and 6,861.24, respectively. The DAX in Frankfurt was practically flat, dipping 0.04 percent to 10,025.81. 

 

The BBC pointed to data from Germany’s Federal Statistics Office as among the factors dampening investors’ mood. The statistics office said Friday that new manufacturing orders in the country fell 1.7 percent in May, compared to the previous month. While new orders from the euro area rose 5.7 percent in May compared to the previous month, new orders from other countries declined 5.2 percent.

 

It was a varied morning for fashion, luxury and retail stocks.

 

On the rise were French Connection, up 3.6 percent to 0.73 pounds; Boohoo.com, which advanced 1.6 percent to 0.45 pounds, and Debenhams, which gained 1.1 percent to 0.68 pounds.

 

Those that lost ground included Asos, down 1.1 percent to 31.95 pounds; The Mysale Group, which fell 1.2 percent to 2 pounds, and Mulberry, which dipped 3.1 percent to 7.50 pounds.

 

At 10:30 a.m. CET, the British pound traded for $1.72, while the euro changed hands for $1.36.