LONDON — European stock markets edged down in midmorning trading on Thursday, with the FTSE 100 leading the way.
The London market was down 0.6 percent to 6,823.65, followed by the FTSE MIB in Milan, 0.2 percent to 16,747.94. The DAX in Frankfurt was flat at 10,649.09, while the CAC 40 in Paris eased 0.1 percent to 4,447.88.
The euro traded at $1.12, while the pound fetched $1.30 and the Swiss franc equaled $1.02 at 10:00 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest risers including Zalando, up 3.4 percent to 35.11 euros, after the company reported a surge in adjusted interest before interest and taxes, in the second quarter, on the back of a 25 percent gain in revenues.
Jimmy Choo was up 2.8 percent to 1.09 pounds, while Gemfields climbed 2.6 percent to 0.39 pounds. Online retailer Koovs.com rose 1.5 percent to 70 euros.
Among the stocks that fell the most were British high street retailers Joules, down 1.5 percent to 1.61 pounds; and Next, 1.3 percent to 53.20 pounds. Compagnie Financière Richemont fell 1 percent to 58.30 Swiss francs.