LONDON — European stock markets were uneven in mid-morning trading on Thursday.

The FTSE 100 in London and the FTSE MIB in Milan were both down: The former fell 0.3 percent to 6,730.33, while the latter sank 0.1 percent 23,896.73. On Thursday, the Bank of England was due to announce its latest decision on interest rates and its quarterly economic update for the U.K.

The CAC 40 in Paris was flat at 5,196.72, while the DAX in Frankfurt was up 0.2 percent to 11,654.82.

The euro traded at $1.09, while the pound fetched $1.56, and the Swiss franc equaled $1.02 at 10:50 a.m. CET.

Retail and luxury stocks also put on an uneven show, with the morning’s biggest fallers including Koovs.com, 2.1 percent to 0.71 pounds; Moncler, 1.2 percent to 18.69 euros; Asos.com, 1.1 percent to 33.53 pounds, and Associated British Foods, 1.5 percent to 31.90 pounds.

Among the stocks that gained the most ground were Tesco, 1.5 percent to 2.19 pounds; Italia Independent Group, 2.2 percent to 31.92 euros, and Salvatore Ferragamo, 1.4 percent to 30.54 euros.

Metro AG increased 3.7 percent to 30.81 euros, after releasing earlier in the morning third-quarter results, including a net profit of 97 million euros, or $107.3 million, compared to a loss of 83 million euros, or $113.8 million, in the same prior-year period.

Click Here for the WWD Global Stock Tracker >>

load comments
blog comments powered by Disqus