LONDON — Europe’s markets all headed up in trading Friday morning.
The CAC 40 in Paris, the DAX in Frankfurt and the FTSE MIB in Milan each gained 0.7 percent, to 4,837.32, 11,182.81 and 22,618.31, respectively. The FTSE 100 in London edged up 0.1 percent to 6,716.60.
Europe’s markets followed the positive trajectory of shares on Wall Street Thursday, after the U.S. Federal Reserve said Wednesday that it is keeping interest rates at their current levels, but that it anticipates raising rates by the end of the year. However, investors’ ongoing worries over Greece’s unresolved debt situation meant the gains in Europe were muted.
Fashion, luxury and retail stocks were largely on the rise, too.
Hermès International gained 2.2 percent to 354.45 euros; Gemfields, 2.5 percent to 0.65 pounds; Unilever, 2.4 percent to 37.92 euros, and Ted Baker, 1.2 percent to 29.31 pounds.
The few fallers included Italia Independent, 1.6 percent to 31.80 euros; Aeffe, 1.7 percent to 1.90 euros, and Jimmy Choo, 0.4 percent to 1.54 pounds.
At 11:35 a.m. CET, the euro traded for $1.14 and the pound changed hands for $1.59.