PARIS — Europe’s major markets were down on Monday morning in the run-up to central bank meetings in the United States and Japan later this week and the June 24 referendum on whether the United Kingdom will remain in the European Union.
Milan’s FTSE 100 was down 2.2 percent to 16,741.77, while Paris’ CAC 40 dipped 1.7 percent to 4,232.46, the DAX in Frankfurt retreated 1.6 percent to 9,674.91 and London’s FTSE 100 sunk 0.5 percent to 6,084.14.
At 12 p.m. CET, the euro was trading at $1.13 and the pound at $1.42.
Fashion, luxury and retail stocks were mostly down.
The morning’s biggest fallers included Italia Independent Group, which declined 5.5 percent to 17.01 euros; Yoox Net-a-porter Group, 4.9 percent to 22.18 euros, and Geox, 4.1 percent to 2.93 euros.
Among the few stocks that rose were Ted Baker, up 1.1 percent to 23.55 pounds; Koovs, 2.8 percent to 0.60 pounds, and Debenhams, 0.7 percent to 0.70 pounds.
