LONDON European stock markets were in decline in midmorning trading, with the FTSE MIB in Milan leading the way.

The Italian market was down 0.6 percent to 16,299.62, followed by the FTSE 100 in London and the CAC 40 in Paris, which were both down 0.2 percent to 7,030.63 and 4,442.34, respectively. The DAX in Frankfurt fell 0.1 percent to 10,482.28.

The euro traded at $1.12, while the pound fetched $1.24 and the Swiss franc equaled $1.02 at 10:15 a.m. CET.

Retail and luxury stocks were uneven in midmorning trading, with the morning’s biggest risers including Ted Baker, 1.9 percent to 24.36 pounds. On Tuesday, the company is expected to unveil an uptick in pre-tax profits for the first half, despite a slowdown in sales growth.

Among the other climbers was, up 3.3 percent to 0.75 pounds; and, 2.2 percent to 51.48 pounds.

Among the stocks that lost the most ground were Luxottica Group, 1.6 percent to 40.21 euros; Joules Group, 1.2 percent to 2.00 pounds, and Salvatore Ferragamo, 2.6 percent to 21.94 euros.

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