LONDON — European stock markets were in decline in morning trading on Friday, with the FTSE MIB in Milan and the FTSE 100 in London leading the way.

The Italian and British markets were both down 0.3 percent to 20,855.86 and 7,417.04, respectively. The DAX in Frankfurt dipped 0.2 percent to 12,769.46 and the CAC 40 in Paris fell 0.1 percent to 5,275.71.

The euro traded at $1.11, while the pound fetched $1.26 at 10:45 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest risers including Metro AG, 2.8 percent to 29.52; Hugo Boss, 1.3 percent to 55.98 pounds; Ted Baker, 1.2 percent to 24.19 pounds and Yoox Net-a-porter, 1 percent to 23.49 euros.

Among the stocks that lost the most ground were Salvatore Ferragamo, 2.8 percent to 24.76 euros; Koovs.com, 2.7 percent to 0.35 pounds; Italia Independent Group, 2.6 to 4.95 euros and Bonmarché Holdings, 1.8 percent to 0.96 pounds.

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