LONDON — Europe’s markets were largely on the rise in trading Monday morning.
The CAC 40 in Paris climbed 0.5 percent to 4,981.46, while the DAX in Frankfurt was up 0.4 percent to 11,031.77 and the FTSE MIB in Milan gained 0.3 percent to 23,317.51. The FSTE 100 in London was flat at 6,550.38.
Fashion and luxury stocks had a mostly positive morning.
Online retailers Asos, Boohoo.com and Koovs all rose as data from the British Retail Consortium/Springboard Footfall Monitor released Monday showed that retail footfall in the U.K. fell 1.1 percent in July, compared to the same period last year, in tandem with the growth in online shopping.
Hennes & Mauritz’s shares also gained, rising 1.3 percent to 357.70 Swedish kronor, as the Swedish fashion retailer reported Monday that its total sales in local currencies rose 16 percent in July, a faster pace than in previous months.
At 12:05 p.m. CET, the pound traded for $1.56, while the euro went for $1.11 and the Swedish krona for $0.12.