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Europe’s Stock Markets On the Rise

Most retail and luxury stocks make gains.

PARIS — Europe’s major stock markets were showing gains in mid-morning trading today in the run-up to finance ministers from the euro zone deciding whether Greece will get a bailout and avoid default.

Frankfurt’s DAX was up 1.1 percent to 6,919.93. In Milan, the FTSE MIB registered a 1 percent uptick to 16,714.65. The CAC 40 in Paris and the FTSE 100 in London each increased 0.8 percent to 3,467.54 and 5,951.58, respectively.

Almost across the board, retail and luxury stocks were on the rise. Among the biggest gainers was The Swatch Group, up 2.2 percent to 72.35 Swiss francs. Tod’s stock rose 2.1 percent to 76.05 euros. Geox increased 1.8 percent to 2.80 euros, and Yoox gained 1.37 percent to 10.36 euros.

Esprit Holdings was among stocks showing the largest decline. It was down 4.1 percent to 14.40 euros.

The euro traded at $1.32, while the pound traded at $1.59 at 11:20 a.m. CET.