LONDON — Europe’s stock markets were uneven in trading Wednesday morning.
The DAX in Frankfurt rose 0.4 percent to 11,374.30, while the CAC 40 in Paris edged up 0.1 percent to 5,009.68. The FTSE 100 in London was flat at 6,931.15, while the FTSE MIB in Milan fell 0.3 percent to 23, 501.54.
London’s FTSE 100 was unchanged as the Markit/CIPS purchasing managers’ index for the U.K. services sector, released Wednesday, stood at 56.5 in May, down from 59.5 in April, its sharpest decline since August 2011. However, Markit pointed out that readings above 50 signal a growth of activity, while below 50 represents a contraction.
Fashion, luxury and retail stocks had a generally more positive start.
Those that rose included Asos, 1.7 percent to 38.75 pounds; Hugo Boss, 1.1 percent to 104.45 euros; Boohoo.com, 3.7 percent to 0.28 pounds; and Sainsbury’s, 1.2 percent to 2.48 pounds.
Among the stocks that lost ground were Safilo Group, 1.2 percent to 13.04 euros; Koovs, 1.4 percent to 0.72 pounds; and Salvatore Ferragamo, 0.5 percent to 28.85 euros.
At 11:20 a.m. CET, the pound changed hands for $1.53, while the euro went for $1.10.