LONDON — European stock markets were down in midmorning trading on Friday, with the CAC 40 in Paris leading the way.

The French market dipped 0.3 percent to 4885.43; followed by the DAX in Frankfurt, 0.2 percent to 11,557.32. The FTSE 100 in London and the FTSE MIB in Milan were both down 0.1 percent, to 7,189.32 and to 19,629.38 respectively.

The euro traded at $1.05, while the pound fetched $1.23, and the Swiss franc equaled $0.98 at 10:40 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Jimmy Choo, 1.3 percent to 1.47 pounds; Brunello Cucinelli, 1.4 percent to 20.70 euros; Mulberry Group, 2.5 percent to 10.98 pounds, and Salvatore Ferragamo, 1.9 percent to 24.24 euros.

Among the stocks to lose the most ground were French Connection, 3.4 percent to 0.32 pounds; Metro AG, 1.5 percent to 31.23 euros; Tod’s, 1.2 percent to 60.20 euros; Marks and Spencer Group, 1.5 percent to 3.26 pounds, and Joules, 1.6 percent to 2.10 pounds.

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