LONDON — European stock markets made small gains in mid-morning trading on Tuesday, following the Christmas holiday weekend, while retail and luxury stocks were mostly down.
The FTSE MIB in Milan was the biggest gainer, climbing 1.2 percent to 19,345.02. It was followed by the CAC 40 in Paris, which was up 0.1 percent to 4,825.93, and the FTSE 100 in London, which also climbed 0.1 percent to 7,068.17. The DAX in Frankfurt dipped 0.1 percent to 11,449.93.
The euro traded at $1.04, while the pound fetched $1.23, and the Swiss franc equaled $0.97 at 8:50 a.m. CET.
Retail and luxury stocks were mostly in retreat, including Koovs.com, which fell 5.2 percent to 0.46 pounds, and Mulberry Group, 3.1 percent to 10.80 pounds. Ted Baker and Jimmy Choo each fell 1.1 percent to 27.50 pounds and to 1.40 pounds respectively.
Among the few stocks that gained ground were French Connection Group, which was up 7.7 percent to 0.36 pounds, and Luxottica Group which gained 1.7 percent to 51.60 euros.