LONDON – European stock markets were on the upswing in midmorning trading on Tuesday, with Milan’s FTSE MIB leading the way.

The Italian market climbed 1.4 percent to 18,627.60, followed by the DAX in Frankfurt, 0.7 percent to 11,274.08, and the CAC 40 in Paris, 0.6 percent to 4,790.59. The FTSE 100 in London rose 0.1 percent to 6,899.43.

The euro traded at $1.06, while the pound fetched $1.26 and the Swiss franc equaled $0.98, at 11:30 a.m. CET.

Retail and luxury stocks were also on the upswing, with the morning’s biggest gainers including Aeffe, 5.4 percent to 0.99 euros; Safilo Group, 2.7 percent to 8.53 euros; Tod’s, 2.1 percent to 59.65 euros; Hermès International, 2 percent to 397.25 euros, and Gemfields, 2.3 percent to 0.54 pounds.

Among the very few stocks that lost ground were Tesco, 2.5 percent to 2.07 pounds;, 3.3 percent 1.14 pounds, and French Connection, 3.1 percent to 0.32 pounds.

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