LONDON — European stock markets started their week on a high note, making gains in morning trading Monday led by the DAX in Frankfurt.
The German market was up 1.7 percent to 9,991.41, followed by the FTSE 100 in London and the CAC 40 in Paris, both of which gained 0.7 percent to 6,181.82 and to 4,522.54, respectively. The FTSE MIB in Milan was flat at 18,994.37.
The euro traded at $1.11, while the pound fetched $1.44 and the Swiss franc equaled $1.02 at 12:01 p.m. CET.
Retail and luxury stocks were on the uptick, with the morning’s biggest gainers including Adidas, 2 percent to 101.70 euros; Inditex, 1.5 percent to 30.06 euros; Aeffe, 2.6 percent to 1.16 euros; Zalando, 1.9 percent to 29.54 euros, and Carrefour, 2 percent to 24.32 euros.
The only stock to lose substantial ground was Indian online retailer Koovs.com, 2.7 percent to 0.16 pounds.