LONDON – European stock markets made gains in midmorning trading on Wednesday, with the DAX in Frankfurt leading the way.
The German market was up 1.3 percent to 10,499.28; followed by the CAC 40 in Paris, 1.2 percent to 4,452.48, and the FTSE MIB in Milan, 1.1 percent to 16,307.06. The FTSE 100 in London rose 0.9 percent to 6,868.40.
The euro traded at $1.12, while the pound fetched $1.30 and the Swiss franc equaled $1.03 at 10:45 a.m. CET.
Retail and luxury stocks were also on the uptick with the morning’s biggest risers including Yoox Net-a-porter Group, 2.1 percent to 28.29 euros; MySale Group, 5.4 percent to 0.97 pounds; French Connection, 3.3 percent to 0.36 pounds, and Koovs.com, 2.5 percent to 0.62 pounds.
Among the very few stocks that lost ground were J Sainsbury, 2.5 percent to 2.45 pounds; Italia Independent Group, 1.6 percent to 4.42 euros, and Hugo Boss, 0.6 percent to 49.06 euros.