LONDON — European stock markets were mostly down in midmorning trading on Monday.

The FTSE MIB in Milan declined 1.6 percent to 16,577.76, followed by the DAX in Frankfurt, 1.2 percent to 10,465.29. The CAC 40 in Paris retreated 1 percent to 4,398.74 while The FTSE 100 in London climbed 0.3 percent to 6,838.05.

The euro traded at $1.11, while the pound fetched $1.31 and the Swiss franc equaled $1.02 at 9:45 a.m. CET.

Retail and luxury stocks were mixed, with the morning’s biggest risers including, up 3.5 percent to 0.78 pounds; Gemfields, 1.3 percent to 0.39 pounds, and MySale Group, 1.1 percent to 0.92 pounds.

Among the morning’s biggest fallers was Koovs, down 5.2 percent to 0.55 pounds; Yoox Net-a-porter Group, 2.8 percent to 27.52 euros, and Zalando, 1.5 percent to 34.12 euros.

Click Here for the WWD Global Stock Tracker >>