LONDON — European stock markets were on the upswing in midmorning trading on Tuesday, with the FTSE MIB in Milan leading the way.
The Italian market was up 1.9 percent to 18,019.64, followed by the CAC 40 in Paris and the DAX in Frankfurt, which both advanced 1.1 percent, to 4370.51 and to 10,086.09 respectively. The FTSE 100 in London climbed 0.8 percent to 6,165.50.
The euro traded at $1.14, while the pound fetched $1.44, and the Swiss franc equaled $1.03. The Danish krone was equal to $0.15 at 11:35 a.m. CET.
Retail and luxury stocks were on the upswing, with the morning’s biggest risers including the Danish jeweler Pandora, 11 percent to 947 kroner. On Tuesday, Pandora beat analyst expectations by posting higher-than-expected growth in the first quarter, driven by strong momentum in Asia Pacific and continued network expansion.
Among the other risers were Zalando, 3.1 percent to 29.04 euros; Yoox Net-a-porter Group, 3 percent to 24.20 euros; MySale Group, 3.8 percent to 0.59 pounds; Aeffe, 3.3 percent to 1.10 euros; Asos.com, 3 percent to 37.86 pounds; and Swatch Group, 3.1 percent to 64 Swiss francs.
Among the few stocks that lost ground were Koovs.com, 3.7 percent to 0.26 pounds; Mulberry Group, 3 percent to 9.70 pounds; and French Connection Group, 1.6 percent to 0.38 pounds.