LONDON — European stock markets were in decline in late morning trading on Thursday, with the FTSE MIB in Milan leading the way.

The Italian market was down 0.9 percent to 19,832.46, followed by the FTSE 100 in London, 0.6 percent to 7,305.67, and the CAC 40 in Paris, 0.5 percent to 5,073.41. The DAX in Frankfurt dipped 0.3 percent to 12,113.76.

The euro traded at $1.06, while the pound fetched $1.25 at 12:25 p.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest risers including Superdry parent SuperGroup, 2.3 percent to 15.70 pounds; Primark owner Associated British Foods, 2.9 percent to 26.91 pounds; Mulberry Group, 1.5 percent to 10.66 pounds, and Asos.com, 1.5 percent to 55.98 pounds.

Among the stocks that lost the most ground were Aeffe, 3.5 percent to 1.26 euros; Metro, 1.1 percent to 29.12 euros, and Koovs.com, 1.5 percent to 0.46 pounds.

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