LONDON — Europe’s markets were largely on the rise in trading Wednesday morning.
The FTSE 100 in London gained 0.5 percent to 6,590.38, followed by the CAC 40 in Paris, up 0.3 percent to 4,994.16, and the DAX in Frankfurt, which rose 0.1 percent to 11,188.93. Only the FTSE MIB in Milan was down, losing 0.1 percent to 20,302.91.
Wire reports noted that investors were likely to hold back in trading Wednesday, ahead of the conclusion of the U.S. Federal Reserve’s policy meeting later in the day.
Europe’s indices looked up as China’s Shanghai Stock Exchange Composite Index turned positive, rising 3.4 percent to 3,789.17 Wednesday, after two days of falls.
Fashion, luxury and retail stocks were mostly in positive territory, too.
Among the highest risers were LVMH Moët Hennessy Louis Vuitton, 2.5 percent to 169.95 euros; Richemont, 2.1 percent to 82.25 Swiss francs; Aeffe, 1.2 percent to 2 euros, and Gemfields, 1.5 percent to 0.66 pounds.
Stocks in the sector that fell included MySale Group, 2.8 percent to 0.44 pounds; French Connection, 4.9 percent to 0.37 pounds, and Koovs, 3.4 percent to 0.71 pounds.
At 11:20 a.m. CET, the pound traded for $1.56, while the euro changed hands for $1.11 and the Swiss franc for $1.04.