LONDON — European stock markets edged up in mid-morning trading on Wednesday, with the FTSE MIB in Milan leading the way.
The Italian market advanced 0.8 percent to 22,712.51, followed by the FTSE 100 in London, 0.2 percent to 6,770.08. The CAC 40 in Paris and the DAX in Frankfurt were each up 0.1 percent to 4,853.77, and to 11,012.77, respectively.
The euro traded at $1.13, while the pound fetched $1.53 and the Swiss franc equaled $1.08 at 11:10 a.m. CET.
Retail and luxury stocks were mostly up, led by Yoox Group, 2.4 percent to 29.34 euros; Primark’s parent Associated British Foods, 2.1 percent to 29.74 pounds, and J. Sainsbury, 4.3 percent to 2.60 pounds.
Among the stocks that lost the most ground were Inditex, 2.1 percent to 29.34 euros, despite a rosy sales and profit performance in first quarter and a strong start to the second quarter, and Italia Independent Group, 1.2 percent to 32.60 euros.