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Europe’s Stock Markets Slip

Exchanges continue downward trend ahead of U.S. data, while London was closed.

LONDON — European markets were down during mid-morning trading on Monday, as investors awaited data on U.S. durable-goods orders.

The FTSE MIB in Milan lost 1.7 percent to 17,050.01, Paris’ CAC 40 dropped 0.6 percent to 4,053.56, and Frankfurt’s DAX shrank 0.3 percent to 8,391.98. The London stock exchange was closed due to a bank holiday.

The euro was trading at $1.31 against the dollar, and the Swedish krona was worth $0.15 at 11 a.m. CET.

Retail and luxury stocks were mostly down, with those stocks losing the most ground including Yoox, down 3.2 percent to 23.71 euros; and Tods, 1.7 percent to 139.70 euros. Hermès and Ferragamo both lost 1.7 percent, to 253.50 euros and 25.01 euros respectively.

Hennes & Mauritz gained 0.3 percent to 243.40 Swedish krona.