LONDON — Europe’s major stock markets made modest gains in midmorning trading on Thursday, with the FTSE MIB in Milan leading the way.
The Italian market was up 1.1 percent to 18,136.43, followed by the FTSE 100 in London and the DAX in Frankfurt which advanced 0.4 percent to 6,135.55 and to 9,864.46 respectively. The CAC 40 in Paris climbed 0.1 percent to 4,330.27.
The euro traded at $1.15, while the pound fetched $1.45 and the Swiss franc equaled $1.05. The Swedish krona traded at $0.12 at 10:40 am CET.
Retail and luxury stocks were mostly up, with the morning’s biggest risers including Yoox Net-a-porter Group, 3 percent to 24.11 euros; Mulberry Group, 3.3 percent to 10.22 pounds; Inditex, 1.5 percent to 27.88 euros; Aeffe, 2.1 percent to 1.10 euros, and Tesco, 2 percent to 1.63 pounds.
Among the few fallers were Jimmy Choo, 1.2 percent to 1.20 pounds; Koovs.com, 1.4 percent to 0.27, and Hennes and Mauritz, 4.5 percent to 269 Swedish kronor.