LONDON — European stock markets were on the rise in midmorning trading on Friday, with the DAX in Frankfurt leading the way.
The German market was up 2.3 percent to 9,546.27; followed by the CAC 40 in Paris, 2 percent to 4,333.99, and the FTSE MIB in Milan, 1.9 percent to 17,425.90. The FTSE 100 in London rose 1.2 percent to 6,086.52.
The euro traded at $1.10, while the pound fetched $1.39 and the Swiss franc equaled $1.01 at 10:55 a.m. CET.
Retail and luxury stocks were also on the rise, with the morning’s biggest gainers including Tesco, 2.7 percent to 1.85 pounds; Compagnie Financière Richemont, 3.1 percent to 64.15 Swiss francs; Metro, 4.2 percent to 23.12 euros; Tod’s, 2.8 percent 70.60 euros, and Swatch Group, 2.5 percent to 68.85 Swiss francs.
Among the very few stocks that lost ground was MySale Group, which was down 3.5 percent to 0.44 pounds.