LONDON – Europe’s major markets were on the uptick in mid-morning trading on Tuesday, with the FTSE MIB in Milan leading the way.

The Italian market was up 1.7 percent to 21,722.11, followed by the FTSE 100 in London, 0.5 percent to 7,388.59, and the CAC 40 in Paris, 0.4 percent to 5,142.65. The DAX in Frankfurt advanced 0.3 percent to 12,203.66.

The euro traded at $1.18, while the pound fetched $1.30 and the Swiss franc equaled $1.03 at 12:20 p.m. CET.

Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Aeffe, 2.4 percent to 1.87 euros; Salvatore Ferragamo, 2.6 percent to 24.58 euros; Moncler, 2.5 percent to 23.02 euros;, 1.12 percent to 59.23 pounds and Gemfields, 2 percent to 0.32 pounds.

Among the few stocks that were down were high street retailer Next, 4 percent to 42.19 pounds and Safilo Group, 1.3 percent to 6 euros.

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