LONDON — European stock markets were down in morning trading on Thursday.

The FTSE MIB in Milan fell 0.8 percent to 20,901.09, followed by the FTSE 100 in London, which declined 0.5 percent to 7,413.22. The CAC 40 in Paris dipped 0.4 percent to 5,251.61 and the DAX in Frankfurt retreated 0.3 percent to 12,729.60.

The euro traded at $1.11, while the pound fetched $1.26 and the Swiss franc equaled $1.02 at 10 a.m. CET.

Retail and luxury stocks were mixed, with the morning’s biggest decliners including, down 2.7 percent to 0.35 pounds; Italia Independent Group, 1.7 percent to 5.01 euros; Gemfields, 1.6 percent to 0.39 pounds, and Tod’s, 1 percent to 58.70 euros.

Among the morning’s biggest risers was up 1.6 percent to 2.42 pounds. Swatch Group advanced 1.4 percent to 73.50 Swiss francs and Compagnie Financière Richemont SA, 1 percent to 80.90 Swiss francs.

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