LONDON — Europe’s major markets were mostly on the rise in late-morning trading on Monday.

Frankfurt’s DAX and London’s FTSE 100 each gained 0.3 percent to 9,576.10 and 5818.88, respectively. Paris’ CAC 40 climbed 0.2 to 4,219.12, while the FTSE MIB in Milan lost 1.6 percent to 18,885.71.

The pound was trading at $1.42 and the euro was worth $1.09 at 11:50 a.m. CET.

Retail and luxury stocks were mixed, with the morning’s strongest risers included Adidas, up 8.3 percent to 90.95 euros, after the company announced that it had named Kasper Rorsted as its new president, succeeding Herbert Hainer on Oct. 1. Gemfields gained 4.7 percent to 0.47 pounds; and Bonmarché Holdings, 4.6 percent to 1.85 pounds.

Among the shares losing ground were Jimmy Choo, down 4.9 percent to 1.24 pounds; Esprit Holdings, 3.8 percent to 7.51 euros, and Shopify 3.6 percent to 19.89 euros.

Click Here for the WWD Global Stock Tracker >>

load comments
blog comments powered by Disqus