LONDON — European stock markets made modest gains in midmorning trading on Tuesday, with the CAC 40 in Paris leading the way.
The French market was up 0.3 percent to 4,420.84, followed by the FTSE MIB in Milan, 0.2 percent to 16,228.43. The FTSE 100 in London climbed 0.1 percent to 6,825.14, while the DAX in Frankfurt was flat at 10,398.95.
The euro traded at $1.12, while the pound fetched $1.30 and the Swiss franc equaled $1.03 at 10:25 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest risers including Kering, 1.5 percent to 182.55 euros; Gemfields, 2.8 percent to 0.47 pounds, and French Connection, 3.6 percent to 0.36 pounds.
Among the stocks that lost the most ground were Ted Baker, 1.2 percent to 24.75 pounds; Safilo Group, 1.6 percent to 8.60 euros, and Joules, 1 percent to 2.02 pounds.