LONDON — Europe’s major stock markets were in retreat in midmorning trading on Wednesday, with the FTSE MIB in Milan leading the way.

The Italian market was down 1.8 percent to 17,616.22, followed by the CAC 40 in Paris, 1 percent to 4,296.10. The DAX in Frankfurt fell 0.6 percent to 9,981.72 while the FTSE 100 in London dipped 0.2 percent to 6,143.74.

The euro traded at $1.14, while the pound fetched $1.44, and the Swiss franc equaled $1.03 at 12:05 p.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Moncler, 3.7 percent to 15.53 euros; Zalando, 1.8 percent to 29.57 euros; and, 1.5 percent to 0.50 pounds.

Among the biggest fallers were Yoox Net-a-porter Group, 1.6 percent to 23.90 euros; British mass market retailer Bonmarche Holdings, 1.4 percent to 1.46 pounds; Geox, 2.1 percent to 2.67 euros; Mulberry Group, 5.4 percent to 9.70 pounds; and Safilo Group, 6.6 percent to 6.88 euros.

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