LONDON — European stock markets were down in mid-morning trading on Friday.
The CAC 40 in Paris declined 1.2 percent to 5,085.11, followed by the FTSE 100 in London, which fell 1 percent to 7,314.05. The DAX in Frankfurt retreated 0.9 percent to 12,101.71 and the FTSE MIB in Milan dropped 0.8 percent, to 21,610.00.
The euro traded at $1.17 while the pound fetched $1.28 at 11:00 a.m. CET.
Retail and luxury stocks were mostly in decline, with the morning’s biggest fallers including Bonmarché Holdings, down 3.7 percent to 0.90 pounds; Salvatore Ferragamo, 1.5 percent to 23.91 euros and Associated British Foods, 1.4 percent to 31.35 pounds.