LONDON – European stock markets were broadly flat in midmorning trading on Monday, following a weekend of terror and political crises in the region.
France was stepping up security as it mourned the loss of more than 80 people in a terror attack on Bastille Day in Nice, while the Turkish government was punishing leaders of a failed coup attempt on Friday.
The FTSE 100 in London edged up 0.3 percent to 6,690.59, while the CAC 40 in Paris and the DAX in Frankfurt both rose 0.1 percent, to 4,375.06 and to 10,076.77 respectively. The FTSE MIB in Milan fell 0.1 percent to 16,731.36.
The euro traded at $1.10, while the pound fetched $1.32 and the Swiss franc equaled $1.02 at 10:20 a.m. CET.
European retail and luxury stocks were uneven, with the morning’s biggest gainers including Superdry parent SuperGroup, 4.3 percent to 15.83 pounds; Britain’s Bonmarche Holdings, 1.9 percent to 1.09 euros; Gemfields, 2 percent to 0.33 pounds; Marks & Spencer Group, 1.6 percent to 3.31 pounds, and Koovs.com, 1 percent to 0.53 pounds.
Among the stocks that lost the most ground were Moncler, 1.2 percent to 14.26 euros; French Connection Group, 1.6 percent to 0.36 pounds; Italia Independent Group, 2.2 percent to 6.50 euros; Jimmy Choo, 1.4 percent to 1.08 pounds, and Joules, 0.9 percent to 1.66 pounds.