LONDON — European stock markets were down in late-morning trading on Wednesday, with the FTSE 100 leading the way.
That market in London fell 0.8 percent to 7,317.18, followed by the CAC 40 in Paris and the DAX in Frankfurt, which each retreated 0.6 percent, to 4,973.10 and 11,896.44, respectively. The FTSE MIB in Milan declined 0.3 percent to 19,863.96.
The euro traded at $1.07, while the pound fetched $1.24 and the Danish krone equaled $0.14 at 11:45 a.m. CET.
Retail and luxury stocks also lost ground, with the morning’s biggest fallers including Debenhams, 2.6 percent to 0.53 pounds; Danish jeweler Pandora, 2.5 percent to 740 Danish kroner, and Joules Group, 2 percent to 2.45 pounds.