LONDON European stock markets edged down in mid-morning trading today, with the CAC 40 leading the way.

The French market fell 0.7 percent to 3,844.03 points. The FTSE 100 in London declined 0.6 percent to 6,489.65. The FTSE MIB in Milan was down 0.4 percent to 16,061.15, while the DAX in Frankfurt retreated 0.2 percent to 8,042.85.

The euro traded at $1.31 against the dollar, while the pound fetched $1.53, and the Swiss franc equaled $1.08 at 11:45 a.m. CET.

Retail and luxury stocks put on a mixed show, with the morning’s biggest gainers including Debenhams, which climbed 3.5 percent to 0.85 pounds; Ferragamo, up 2.3 percent to 21.36 euros, and French Connection, which increased 12.9 percent to 0.31 pounds.

Among the stocks that lost ground were Carrefour, down 2.3 percent to 21.57 euros; Brunello Cucinelli, which declined 1.5 percent to 17.25 euros, and Hugo Boss, which retreated 3.8 percent to 85.56 euros.