LONDON — European stock markets edged down in mid-morning trading on Tuesday, with the DAX in Frankfurt leading the way.
The German market dipped 0.9 percent to 10,963.21, followed by the FTSE MIB in Milan, 0.8 percent to 22,463.81, and the CAC 40 in Paris, 0.7 percent to 4,826.27. The FTSE 100 in London was down 0.2 percent to 6,777.73.
The euro traded at $1.12, while the pound fetched $1.53 and the Swiss franc, $1.07, at 11:15 a.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Salvatore Ferragamo, 2.2 percent to 26.17 euros; online fast-fashion retailer Boohoo.com, 1.9 percent to 0.26 pounds, and Yoox Group, 1.5 percent to 28.42 euros.
Among the few stocks that gained ground was Gemfields, 3.3 percent to 0.62 pounds.