LONDON European stock markets were uneven in midmorning trading on Thursday, with the CAC 40 in Paris the only index to post modest gains.

The French market crept up 0.2 percent to 4,958.16, while the FTSE 100 in London was down 0.4 percent to 6,385.96, followed by the FTSE MIB in Milan, 0.3 percent to 22,243.77, and the DAX in Frankfurt, 0.1 percent to 10,833.62.

The euro traded at $1.09, while the pound fetched $1.54 and the Swiss franc equaled $1.01 at 10:25 am CET.

Retail and luxury stocks were also uneven, with the morning’s biggest gainers including Adidas AG, 4.3 percent to 85.70 euros, after the company raised its full-year guidance on the back of a 10 percent uptick in third-quarter net income.

Italia Independent Group and Brunello Cucinelli were both up 2 percent to 25 euros and 17.24 euros, respectively.

Among the stocks that lost the most ground were MySale Group, 1.8 percent to 0.56 pounds; and Tesco, 1.2 percent to 1.86 pounds.