By  on November 14, 2013

LONDON — European stock markets made modest gains in mid-morning trading on Thursday, with the CAC 40 in Paris leading the way.

The French market was up 1.1 percent to 4,285.13, followed by the FTSE 100 in London, 1 percent to 6,694.73; the DAX in Frankfurt, 0.9 percent to 9,137.17; and the FTSE MIB in Milan, 0.5 percent to 18,827.87.

The euro traded at $1.34, while the pound fetched $1.59, and the Swiss franc equaled $1.09 at 9:55 a.m. CET.

Retail and luxury stocks were mostly on the uptick, with the exception of Tod's, which sank 5.2 percent to 115.20 euros after the company posted a slight dip in operating profits in the first nine months; and Mulberry Group, down 1.2 percent to 10.17 pounds.

Among the stocks that gained the most ground were Safilo Group, up 11.1 percent to 15.60 euros after reporting its first third-quarter net profit since 2007 even as revenues in the period remained flat. Burberry Group was up 2 percent to 14.91 pounds, after reporting a 32.6 spike in first-half profits; and Asos.com, 2.4 percent to 58.09 pounds.

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