LONDON — European stock markets were down in morning trading on Tuesday.
The FTSE 100 in London declined 0.7 percent to 7,527.38, followed by the FTSE MIB in Milan, which fell 0.6 percent to 22,013.80. The DAX in Frankfurt and the CAC 40 in Paris each retreated 0.4 percent, to 12,250.51 and to 5,205.91, respectively.
The euro traded at $1.17, the pound at $1.30 and the Danish krone at $0.15 at 9:30 a.m. CET.
Retail and luxury stocks were mixed, with the morning’s biggest risers including MySale Group, up 5 percent to 1.07 pounds; Joules Group, 3.1 percent to 3.12 pounds, and Italia Independent Group, 2.1 percent to 5.17 euros.
Among the morning’s biggest fallers was Pandora, down 8 percent to 688 Danish kroner. The Copenhagen-based jewelry firm reported a 12 percent rise in second-quarter sales despite a challenging U.S. market.
Asos.com fell 0.9 percent to 59.53 pounds, and Brunello Cucinelli declined 0.7 percent to 24.54 euros.