LONDON — European stock markets were down in morning trading on Tuesday, as investors waited to hear the U.K. Prime Minister Theresa May’s Brexit plans later in the day.
The DAX in Frankfurt fell 0.9 percent to 11,454.78, followed by the CAC 40 in Paris, which declined 0.6 percent to 4,850.54, and the FTSE 100 in London, which dipped 0.3 percent to 7,303.87. The FTSE MIB in Milan was the only market to rise, edging up 0.1 percent to 19,271.29.
The euro traded at $1.06, while the pound fetched $1.20 at 11:30 a.m. CET.
Retail and luxury stocks were mostly in decline, with the morning’s biggest fallers including Zalando, down 4.6 percent to 38 euros after the online fashion retailer reported lower-than-expected quarterly sales. Geox fell 3 percent to 2.04 euros, and Koovs retreated 2 percent to 0.47 pounds.
Among the morning’s biggest risers was Italia Independent Group, up 6.1 percent to 6 euros. MySale Group advanced 1.4 percent to 1.18 pounds and Joules Group, 1 percent to 2.24 pounds.