LONDON — Europe’s major markets were down in midmorning trading on Friday, following a slide in oil prices and a drop in Asian markets on fears of slowing worldwide growth.
Milan’s FTSE MIB dropped 2.4 percent to 17,342.54, followed by the DAX in Frankfurt, 1.9 percent to 9,899.57. The FTSE 100 in London and the CAC 40 in Paris were both down 1.5 percent to 6,139.23 and 4,338.11, respectively.
The euro traded at $1.14, while the pound fetched $1.45 and the Swiss franc equaled $1.04 at 12:05 p.m. CET.
Retail and luxury stocks were down, with the morning’s biggest fallers including Yoox Net-a-porter Group, 3.9 percent to 23.98 euros; Jimmy Choo, 3.5 percent to 1.00 pound; Gemfields, 4.3 percent to 0.39 pounds; Asos.com, 3.4 percent to 35.03 pounds, and Safilo Group, 2.3 percent to 6.66 euros.
Among the few stocks that gained ground were Koovs.com, 11.3 percent to 0.61 pounds; and Italia Independent Group, 2.3 percent to 17.99 euros.