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 1.1 percent to 17,137.10, followed by the CAC 40 in Paris, 0.7 percent to 4,468.48. The FTSE 100 in London rose 0.5 percent to 6,817.15 and the DAX in Frankfurt climbed 0.4 percent to 10,634.64.
The euro traded at $1.11, while the pound fetched $1.31 at 10:00 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including MySale Group, which gained 2.5 percent to 0.99 pounds; SuperGroup, 1.7 percent to 15.10 pounds, and Associated British Foods, 1.4 percent to 30.85 pounds.