LONDON – Europe’s stock markets made small gains in mid-morning trading on Tuesday, with the exception of the CAC 40 in Paris, which was down 0.4 percent at 5,397.09, as France’s newly elected president got down to work at the Élysée Palace this week.

The FTSE 100 in London rose 0.3 percent to 7,475.16, followed by the FTSE MIB in Milan, 0.1 percent to 21,718.78. The DAX in Frankfurt was broadly flat at 12,811.00.

The euro traded at $1.10, while the pound fetched $1.29 at 10:30 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Gemfields, 1.9 percent to 0.39 pounds; Aeffe, 4.3 percent to 1.71 euros, and Tod’s, 1.5 percent to 63.20.

Among the stocks that lost the most ground were Mulberry Group, 3.7 percent to 10.54 pounds; Kering, 1.1 percent to 290.25 euros, and Britain’s Bonmarché Group, 2.5 percent to 0.96 pounds.

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