LONDON — European stock markets were on the rise in midmorning trading on Thursday, with the FTSE MIB in Milan leading the way.
The Italian market was up 1.3 percent to 16,424.48, followed by the CAC 40 in Paris, 1.2 percent to 4485.21. The FTSE 100 in London advanced 1.1 percent to 6,924.76, and the Dax in Frankfurt climbed 0.6 percent to 10,502.26.
The euro traded at $1.12, while the pound fetched $1.30 at 11:15 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Jimmy Choo and MySale Group, which each gained 1.8 percent to 1.38 pounds and to 0.93 pounds, respectively. Boohoo.com advanced 1.5 percent to 1.04 pounds.