PARIS — European stock markets were on the rise in mid-morning trading on Tuesday, with the DAX in Frankfurt leading the way, as oil prices stabilized on forecasts for lower temperatures.
The German market was up 1.6 percent to 10,821.37, followed by the CAC 40 in Paris, 1.5 percent to 4,686.95. The FTSE MIB in Milan rose 1.3 percent to 21,647.26, while the FTSE 100 in London advanced 0.6 percent to 6,292.06.
The euro traded at $1.09, while the pound fetched $1.49, and the Swiss franc equaled $1.01 at 10:50 a.m. CET.
Most retail and luxury stocks were also on the rise, with the morning’s biggest gainers including Boohoo.com, up 2.7 percent to 36.71 pence; Asos, 2.5 percent to 33.45 pounds; and Yoox and Inditex, both up 2.2 percent to 34.04 euros and 32.18 euros, respectively.