LONDON — European stock markets gained modest ground in midmorning trading on Monday, with the exception of the FTSE 100 in London, which was flat at 6,377.08.
The DAX in Frankfurt gained 0.8 percent to 10,182.18, while the FTSE MIB was up 0.5 percent to 22,458.31, and the CAC 40 in Paris advanced 0.3 percent to 4,718.33.
The euro traded at $1.13, while the pound fetched $1.54 and the Swiss franc equaled $1.05 at 11:20 am CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Ted Baker, 2.6 percent to 28.52 pounds; Metro AG, 2.8 percent to 27.64 euros, and Zalando, 1 percent to 29.45 euros.
Metro Group on Monday reported sales slipped 1.1 percent to 14.2 billion euros, or $15.8 billion, in the three months ended Sept. 30. Like-for-like sales for the quarter rose 1.3 percent.
Among the stocks that lost the most ground were Hugo Boss, 1.6 percent to 89 euros; French Connection Group, 1.5 percent to 0.31 pounds, and Koovs.com, 2.4 percent to 0.36 pounds.
