LONDON — European stock markets were down in midmorning trading on Tuesday, with the FTSE MIB in Milan leading the way.
The Italian market fell 0.9 percent to 22,221.32, followed by the CAC 40 in Paris, which was down 0.8 percent to 4,664.70. The DAX in Frankfurt was down 0.5 percent to 10,109.86, while the FTSE 100 in London sank 0.4 percent to 6,324.70.
The euro traded at $1.13, while the pound fetched $1.55, and the Swiss franc equaled $1.05 at 12:00 noon CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Swatch Group, 2.3 percent to 71.75 Swiss francs; Tod’s SpA, 2 percent to 76.65 euros; Luxottica Group, 3 percent to 62 euros, and Aeffe, 1.7 percent to 1.48 euros.
Among the few stocks that gained ground were Asos.com, 4.5 percent to 30.60 pounds, after the company reported an 18 percent revenue gain for the full year to Aug. 31. Group revenues in the 12 months were 1.15 billion pounds, while profits were up 1 percent to 36.9 million pounds.
Other stocks on the rise included Italia Independent Group, 2.5 percent to 29.20 euros; and Zalando, 1.1 percent to 29.90 euros.
