LONDON — Europe’s major stock markets were on the upswing in midmorning trading on Tuesday, with the FTSE 100 in London and DAX in Frankfurt leading the way.
The British and German markets were both up 0.5 percent to 7,023.61 and 10,809.91, respectively, while the FTSE MIB in Milan climbed 0.4 percent to 17,379.14, and the CAC 40 in Paris was up 0.3 percent to 4,565.78.
The euro traded at $1.09, while the pound fetched $1.22 and the Swiss franc equaled $1.01 at 10:50 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Zalando, 1.6 percent to 40.43 euros; Luxottica, 6.6 percent to 45.45 euros; Safilo, 3.1 percent to 10 euros, and Burberry, 1.2 percent to 14.81 pounds.
Among the few stocks that lost ground were Jimmy Choo, 1.2 percent to 1.35 pounds; Britain’s Bonmarche, 1.8 percent to 0.83 pounds, and Mulberry Group, 1.1 percent to 11.00 pounds.