LONDON — European stock markets were down in mid-morning trading on Thursday, with the CAC 40 in Paris leading the way.
The French market fell 0.4 percent to 4,930.88, followed by the FTSE 100 in London and the DAX in Frankfurt, which were both down 0.3 percent, to 6,276.88 and to 10,878.62 respectively. The FTSE MIB in Milan retreated 0.1 percent to 22,366.90.
The euro traded at $1.07, while the pound fetched $1.52, and the Swiss franc equaled $1.00 at 9:45 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest climbers including Tod’s, 3.1 percent to 81.70 pounds; Burberry, 1.4 percent to 13.54 pounds after the company reported a 14.4 uptick in first half net profit; Italia Independent Group, 2 percent to 25.50 euros; and Yoox Net-a-porter Group, 2.2 percent to 31.78 euros after the newly-merged company notched healthy double-digit rises in profits and revenues in the first nine months.
Another European online retailer, Zalando, was also up 2.2 percent to 31.64 euros after reporting surging sales in the third quarter.
Among the few stocks that lost ground were J. Sainsbury, 2.7 percent to 2.46 pounds; and French Connection Group, 2.3 percent to 0.33 pounds.