LONDON — European stock markets were in decline in morning trading on Tuesday, with the FTSE 100 in London leading the way.
The British market was down 0.2 percent to 19,832.46, followed by the the DAX in Frankfurt and the CAC 40 in Paris, both easing 0.1 percent to 12,581.71 and 5,264.40 respectively. The FTSE MIB in Milan was broadly flat at 22,398.82.
The euro traded at $1.18, while the pound fetched $1.35 and the Danish kroner was equal to $0.15 at 10:15 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest risers including Mulberry Group, 6.9 percent to 10.80 pounds; Salvatore Ferragamo, 2.8 percent to 28.83 euros, and Aeffe, 2.5 percent to 1.99 euros.
Among the stocks that lost the most ground were Danish jeweler Pandora, 5.6 percent to 607.50 kroner; MySale Group, 4.2 percent to 1.12 pounds; and Brunello Cucinelli, 1.5 percent to 25.68 euros.