LONDON — European stock markets were down in midmorning trading on Monday, with the DAX in Frankfurt and the CAC 40 in Paris leading the way.
The former index was down 0.8 percent to 9615.21, while the latter fell to 4,446.74. The FTSE MIB in Milan sank 0.6 percent to 21,220.18, followed by the FTSE 100 in London, which was down 0.5 percent to 6,078.24.
The euro traded at $1.12, while the pound fetched $1.52 and the Swiss franc equaled $1.02 at 10:20 a.m. CET.
Retail and luxury stocks were mostly down, with the biggest fallers including Asos.com, 1.1 percent to 26.50 pounds; Kering, 1.2 percent to 145.85 euros; Ted Baker, 1.2 percent to 31.28 pounds, and Moncler, 1.3 percent to 15.99 euros.
Among the few stocks that gained the most ground were Geox, 3.1 percent to 3.96 euros; Boohoo.com, 1.2 percent to 0.33 pounds, and French Connection Group, 1.7 percent to 0.24 pounds.