LONDON — Europe’s stock markets edged down in midmorning trading on Friday, with the FTSE MIB in Milan leading the way.

The Italian market declined 0.6 percent to 18,115.61, followed by the CAC 40 in Paris, 0.3 percent to 4,499.36. The DAX in Frankfurt fell 0.2 percent to 10,250.27, while the FTSE 100 in London dipped 0.1 percent to 6,258.77.

The euro traded at $1.12, while the pound fetched $1.47 and the Swiss franc equaled $1.01 at 11:15 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including French Connection, 2.7 percent to 0.38 pounds; Moncler, 1.6 percent to 15.01 euros;, 8.5 percent to 0.34 pounds, and Tod’s, 1.1 percent to 54.90 euros.

Among the morning’s biggest fallers were Bonmarché Holdings, 2.2 percent to 1.34 pounds, and Jimmy Choo, 1.1 percent to 1.17 pounds.

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