LONDON — European stock markets were in the doldrums in midmorning trading on Monday, with most major indices losing ground.
The FTSE 100 in London led the downslide, falling 0.8 percent to 6,958.08; followed by the DAX in Frankfurt, 0.7 percent to 10,512.01, and the CAC 40 in Paris, 0.6 percent to 4,445.22. The FTSE MIB in Milan was flat at 16,587.19.
The euro traded at $1.10, while the pound fetched $1.22 and the Swiss franc equaled $1.01 at 12:15 p.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Superdry parent SuperGroup, 3 percent to 14.46 pounds; MySale Group, 2.5 percent to 0.79 pounds; Debenhams, 3.4 percent to 0.53 pounds, and Safilo Group, 2.2 percent to 9.59 euros.
Among the few stocks to gain ground were Koovs.com, 1.4 percent to 0.74 pounds; Italia Independent Group, 5.5 percent to 4.49 euros, and Britain’s Bonmarche Holdings, 1 percent to 0.88 pounds.