PARIS — European markets were generally trading lower on Wednesday morning, amid concerns that the U.S. Federal Reserve might raise interest rates sooner than expected.
London’s FTSE 100, Paris’ CAC 40 and Frankfurt’s DAX were each down 0.2 percent to 6,152.87, 4,290.29 and 9,875.40, respectively. The only market on the rise was Milan’s FTSE MIB, up 0.6 percent to 17,606.47.
The euro traded at $1.13, while the pound fetched $1.44, and the Swiss franc equaled $1.02 at 12:40 p.m. Central European Time.
Fashion, luxury and retail stocks were uneven.
Among the fallers was Burberry Group, down 3.8 percent to 10.99 pounds after the group reported that profit before tax in fiscal 2015-16 declined 6.5 percent to 416 million pounds, while underlying adjusted profit before tax retreated 10 percent to 421 million pounds.
Other companies on the downslide included Asos, 1.7 percent to 35.18 pounds, and Salvatore Ferragamo, 0.7 percent to 20.27 euros.
On the rise was Zalando, 3.1 percent to 27.33 euros, while Compagnie Financière Richemont and Luxottica Group were each up 1.5 percent to 61.65 Swiss francs and 48.41 euros, respectively.