LONDON — European stock markets lost ground in mid-morning trading on Monday, with the CAC 40 in Paris and the DAX in Frankfurt leading the way.
The French and German markets were each down 1.1 percent to 4,119.95 and 8,532.59 points, respectively. Meanwhile, the FTSE 100 in London declined 0.8 percent to 6,400.30, and the FTSE MIB in Milan fell 0.3 percent to 18,256.68.
The euro traded at $1.36, the pound fetched $1.60 and the Swiss franc equaled $1.10 at 11:15 a.m. CET.
Retail and luxury stocks were mostly down, with the exception of Mulberry Group, which rose 3.5 percent to 9.91 pounds. French Connection advanced 2.2 percent to 0.32 pounds, and Gemfields, 1 percent to 0.25 pounds.
Among the morning’s biggest fallers was Hugo Boss, which declined 2.1 percent to 91.10 euros. LVMH Moët Hennessy Louis Vuitton was down 2.1 percent to 143.65 euros, and Tod’s, 1.6 percent to 136.40 euros.