LONDON — Europe’s markets were upbeat in morning trading on Tuesday.

Paris’ CAC 40 led the way, up 2 percent to 4,271.48, followed by DAX in Frankfurt, which increased 1.8 percent to 9,695.92. Meanwhile, London’s FTSE 100 climbed 1.7 percent to 5,879.94 and Milan’s FTSE MIB advanced 0.23 percent to 18,729.70.

The pound was trading at $1.42, the euro at $1.08, the Swiss franc at $1.00 and the Swedish krona at $0.11 at 11:45 a.m. CET.

Retail and luxury stocks were mostly up, with stocks gaining ground including Koovs, which gained 11.33 percent to 0.15 pounds. Zalando increased 7.3 percent to 0.31 pounds, after publishing strong fourth-quarter and full-year 2015 results. Hennes & Mauritz advanced 5 percent to 289.10 Swedish kronor.

Among the fallers were Shopify, down 3.3 percent to 19.89 euros; Jimmy Choo, 1.5 percent to 1.20 pounds, and Bonmarche Holdings, 1.3 percent to 182.10 euros.

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