PARIS — European markets were mixed Monday morning, after the U.S. Federal Reserve chair Janet Yellen suggested on Friday that an interest rate hike in the U.S. could come soon.
Milan’s FTSE MIB rose 0.6 percent to 18,302.88, while Frankfurt’s DAX advanced 0.3 percent to 10,311.88. The CAC 40 in Paris was flat at 4,513.72.
London’s FTSE 100 was closed for a public holiday.
The euro was trading at $1.11 at 12:45 p.m. Central European Time.
Fashion, luxury and retail stocks were also choppy. Among stocks making gains were Safilo Group, 0.6 percent to 6.76 euros; Salvatore Ferragamo, 0.7 percent to 19.50 euros, and Tod’s SpA, 0.8 percent to 55 euros.
Stocks losing ground included Aeffe, 0.9 percent to 1.12 euros; Bruno Cucinelli, 0.7 percent to 17.57 euros, and Inditex, 0.5 percent to 29.95 euros.