LONDON — European stock markets were down in midmorning trading on Tuesday, with Milan’s FTSE MIB the only index to notch a modest gain.
The Italian market was up 0.1 percent to 21,994.30, while the DAX in Frankfurt and the FTSE 100 in London were each down 0.3 percent to 9,781.61 and to 6,278.39, respectively. The CAC 40 in Paris fell 0.1 percent to 4,614.38.
The euro traded at $1.12, while the pound fetched $1.52 and the Swiss franc equaled $1.03 at 10:40 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Gemfields, 5.3 percent to 0.60 pounds; the newly christened Yoox Net-a-porter Group, 1.1 percent to 30.27 euros; Metro AG, 2 percent to 26.08 euros, and Italia Independent Group, 1.7 percent to 29.96 euros.
Among the stocks that lost the most ground were French Connection Group, 3.3 percent to 0.22 pounds; Asos.com, 1.9 percent to 28.51 pounds; Jimmy Choo, 1.7 percent to 1.39 pounds, and MySale Group, 1.4 percent to 0.55 pounds.