LONDON — Europe’s major markets continued to lose ground Friday morning as the war of words between North Korea and the U.S. persists.

The FTSE MIB in Milan lost the most, falling 1.3 percent to 21,407.37, followed by the CAC 40 in Paris, 1.2 percent to 5,052.98, and the FTSE 100 in London, 1.1 percent to 7,306.07. The DAX in Frankfurt dipped 0.5 percent to 11,959.52.

The euro traded at $1.17, while the pound fetched $1.30 at 11:40 a.m. CET.

Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Geox, 3 percent to 3.28 euros; Safilo Group, 2.2 percent to 6.10 euros, and Tod’s, 2.1 percent to 56.65 euros.

Among the very few stocks to gain ground were Gemfields, 2 percent to 0.32 pounds, and Superdry parent SuperGroup, 1.3 percent to 15.43 pounds.

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