LONDON – European stock markets were uneven in midmorning trading on Friday.
The FTSE 100 in London was broadly flat at 6,363.50, while the DAX in Frankfurt was down 0.2 percent to 10,866.64, and the CAC 40 in Paris fell 0.6 percent to 4,949.20.
The FTSE MIB in Milan was the only market to gain ground, climbing 0.4 percent to 22,303.78.
The euro traded at $1.07, while the pound fetched $1.53, and the Swiss franc equaled $1.01 at 11:00 a.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Compagnie Financière Richemont, which declined 7.5 percent to 80.15 Swiss francs after chairman Johann Rupert said sales at the parent of brands including Cartier, IWC and Alfred Dunhill had contracted 1 percent in October.
Rupert blamed the decline, which was 6 percent at constant exchange rates, on sluggish demand in the Asia-Pacific region and lower rates of growth in Europe and Japan.
Other fallers included Mysale Group, 3.6 percent to 0.53 pounds; Inditex, 4.4 percent to 32.85 euros; Safilo Group, 3.2 percent to 10.79 euros; Salvatore Ferragamo, 2.1 percent to 24.39 euros, and Swatch Group, 3.6 percent to 72.05 Swiss francs.
Among the few stocks that gained ground were French Connection Group, 1.1 percent to 0.34 pounds; Jimmy Choo, 2.7 percent to 1.53 pounds, and Boohoo.com, 1.7 percent to 0.37 pounds.