LONDON — European stock markets were on the upswing in midmorning trading on Thursday, with the FTSE 100 in London leading the way.
The British market rose 1.8 percent to 5,974.34, followed by the FTSE MIB in Milan, 1.7 percent to 17,004.51, and the CAC 40 in Paris, 1.4 percent to 4,213.19. The DAX in Frankfurt advanced 0.7 percent to 9,228.82.
The euro traded at $1.10, while the pound fetched $1.39 and the Swiss franc equaled $1.01 at 11:40 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest risers including Italia Independent Group, 3.9 percent to 22.50 euros; Moncler, 2.5 percent to 13.59 euros; Debenhams, 2.1 percent to 0.78 pounds, and Ted Baker, 2.1 percent to 30.31 pounds.
Among the few stocks that fell were MySale Group, 5.4 percent to 0.43 pounds; and Aeffe, 3.2 percent to 1.19 pounds.