LONDON — European stock markets edged up in midmorning trading on Monday, with the exception of the FTSE 100 in London, which was down 0.2 percent to 6,361.18.
The DAX in Frankfurt led the rise, advancing 0.7 percent to 11,377.84; followed by the FTSE MIB in Milan, 0.5 percent to 22,690.39, and the CAC 40 in Paris, 0.4 percent to 4,949.75.
The euro traded at $1.06, while the pound fetched $1.50 and the Swiss franc equaled $0.97 at 11:50 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Yoox Net-a-porter Group and Italia Independent, each rising 1.7 percent to 32.15 euros and 25.93 euros, respectively; Mulberry Group, 3.2 percent to 9.47 pounds, and Salvatore Ferragamo, 3 percent to 22.02 euros.
French Connection spiked 13.6 percent to 0.35 pounds, after the company said in a trading update that group performance improved considerably compared with the first half of the year, particularly in the U.K. and European retail stores. French Connection said results for the full year are set to be in line with market expectations.
Among the few stocks that lost ground were MySale Group, down 3.4 percent to 0.50 pounds, and Gemfields, 1.1 percent to 0.38 pounds.