LONDON — European stock markets made modest gains in midmorning trading on Monday, with the exception of the CAC 40 in Paris, which was down in the wake of the city’s terrorist attacks on Friday.

The French market fell 0.1 percent to 4,807.37 on the first day of trading — and the second day of public mourning — after sieges on the streets of Paris that killed 129 people and injured hundreds.

Other markets made small gains: The FTSE MIB in Milan was up 0.3 percent to 21,915.94, while the FTSE 100 in London advanced 0.2 percent to 6,132.74 and the DAX in Frankfurt, 0.1 percent to 10,719.34.

The euro traded at $1.08, while the pound fetched $1.52 and the Swiss franc $0.99 at 11:25 a.m. CET. As Paris mourned its victims, France carried out 150 raids on targets in Syria, where the French say the attacks were planned.

Stores and cultural institutions reopened on Monday, while Parisians were to observe a moment of silence at midday.

Major European cities, including London, remained on alert for further terrorist aggression. The BBC said Monday that British police had foiled a terrorist plot in Britain last month, their seventh successful antiterrorist operation so far this year.

Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Italian footwear maker Geox, 3.8 percent to 3.67 euros;, 4.2 percent to 0.34 pounds, and Britain’s Bonmarche Holdings, 2.2 percent to 3.09 pounds.

Among the stocks that gained substantial ground were Gemfields, 1.6 percent to 0.44 pounds; and French Connection Group, 2.2 percent to 0.35 pounds.

Also rattling markets on Monday was news that Japan, whose economy had just begun to recover, has just has slipped into recession, with economic growth falling 0.8 percent in the third quarter.

load comments
blog comments powered by Disqus