PARIS — European stock markets rose in morning trading on Thursday, a day following the U.S. Federal Reserve signaling that an increase in short-term interest rates for the country remains on the table for upcoming months but that the timing has become less sure.
The euro traded at $1.20, the pound at $1.54 and the Swedish kroner at $0.12 at 11:30 a.m. CET.
The DAX in Frankfurt and the FTSE MIB in Milan each gained 0.3 percent, to 11,462.13 and 23,069.51, respectively. Meanwhile, London’s FTSE 100 advanced 0.2 percent to 6,959.25. The CAC 40 in Paris was flat at 5,038.63.
Retail and luxury stocks were mixed, with the morning’s biggest gainers including Tesco, up 1.5 percent to 2.24 pounds; Asos, 1.1 percent to 38.08 pounds, and French Connection Group, 0.9 percent to 0.43 pounds.
Stocks in on a downward trajectory counted among them Hennes & Mauritz, which declined 3.1 percent to 334.20 Swedish kroner; Aeffe, 2.2 percent to 2.33 euros, and Hermès International, 1.9 percent to 333.15 euros.