LONDON — European stock markets were on the upswing in midmorning trading on Wednesday, with the FTSE MIB in Milan leading the way.
The Italian market was up 1.8 percent to 17,257.66; followed by the CAC 40 in Paris, which rose 1.7 percent to 4180.79, and the DAX in Frankfurt, 1.6 percent to 9,278.08. The FTSE 100 in London advanced 1.4 percent to 5,943.69.
The euro traded at $1.12, while the pound fetched $1.44 and the Swiss franc equaled $1.01 at 11:20 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Yoox Net-a-porter, 3.4 percent to 26.69 euros; Kering, 2.5 percent to 158 euros; Jimmy Choo, 3.3 percent to 1.23 pounds; Swatch Group, 4.4 percent to 69.45 Swiss francs; Salvatore Ferragamo, 3.1 percent to 20.54 euros, and Geox, 4.4 percent to 2.69 euros.
Among the few stocks that lost ground were Koovs.com, 2.3 percent to 0.16 pounds; French Connection, 1.1 percent to 0.43 pounds, and Bonmarché Holdings, 1.4 percent to 1.76 pounds.