LONDON — Europe’s stock markets were on the uptick in mid-morning trading on Monday, with the exception of the FTSE MIB in Milan, which was down 0.6 percent to 15,963.67.
The DAX in Frankfurt gained the most ground, climbing 1.3 percent to 9,750.82, followed by the CAC 40 in Paris, 0.9 percent to 4,229.73, and the FTSE 100 in London, 0.5 percent to 6621.29. Markets rallied in anticipation of a fresh economic stimulus plan in Japan.
The euro traded at $1.10, while the pound fetched $1.29, and the Swiss franc equaled $1.02 at 11:10 a.m. CET.
Retail and luxury stocks were also on the rise, with the morning’s biggest climbers including Mysale Group, 2.6 percent to 0.69 pounds; Italia Independent Group, 8.9 percent to 7.01 euros; Kering, 2.6 percent to 150.95 euros; Aeffe, 2 percent to 1 euro, and Adidas, 1.3 percent to 128.60 euros.
Among the few stocks that lost ground were Koovs.com, 4.6 percent to 0.53 pounds; Salvatore Ferragamo, 2.2 percent to 17.68 euros; Mulberry Group, 2.2 percent to 10.51 pounds, and Tesco, 2.5 percent to 1.59 pounds.