LONDON — Europe’s major markets were making small advances during mid-morning trading on Tuesday, as a report showed German business confidence fell short of economists’ estimates in September.
The CAC 40 in Paris and the FTSE MIB in Milan were each ahead 0.4 percent to 4,190.41 and 17,974.18 points, respectively, while the DAX in Frankfurt gained 0.2 percent to 8,649.71 and London’s FTSE 100 increased 0.1 percent to 6,561.53.
The pound traded at $1.60 against the dollar, while the euro was worth $1.35 and the Swiss franc, $1.10, at 11:15 a.m. CET.
Retail and luxury stocks were putting on a mixed show, with the morning’s strongest growers including Mulberry, up 1.5 percent to 9.93 pounds. LVMH Moët Hennessy Louis Vuitton advanced 1 percent to 147.80 euros, and Inditex, 0.5 percent to 113.60 euros.
Among the shares losing ground were Yoox.com, down 1.6 percent to 27.32 euros. Swatch Group declined 0.8 percent to 101.50 Swiss francs, and Safilo, 0.7 percent to 14.92 euros.