LONDON — European stock markets made robust gains in midmorning trading on Thursday, following the U.S. Federal Reserve’s decision this week to keep its historically low interest rates on ice.
The DAX in Frankfurt led the way, climbing 1.3 percent to 10,569.61, followed by the CAC 40 in Paris and FTSE MIB in Milan, both up 1.1 percent, to 4,458.35 and to 16,527.77 respectively. The FTSE 100 in London edged up 0.6 percent to 6,878.32.
The euro traded at $1.12, while the pound fetched $1.30 and the Swiss franc equaled $1.02 at 11:00 a.m. CET.
Retail and luxury stocks were also on the rise, with the morning’s biggest gainers including Yoox Net-a-porter Group, 2.3 percent to 28.40 euros; Jimmy Choo, 2.5 percent to 1.23 pounds; Asos.com, 2.6 percent to 48.02 pounds; Compagnie Financière Richemont, 2.7 percent to 58.90 Swiss francs; Luxottica Group, 2.4 percent to 44.07 euros, and Safilo Group, 5.3 percent to 8.92 euros.
Among the very few stocks that lost ground were French Connection, 2.6 percent to 0.37 pounds; and Italia Independent Group, 2 percent to 5 euros.