LONDON — European stock markets gained ground in midmorning trading on Friday, capping a bumpy week.
The FTSE MIB in Milan was up 2 percent to 18,547.50; followed by the CAC 40 in Paris, 1.4 percent to 4,381.58, and the DAX in Frankfurt, 1.3 percent to 9,764.07. The FTSE 100 in London rose 1.2 percent to 6,000.51.
The euro traded at $1.09 while the pound fetched $1.43 and the Swiss franc equaled $0.99.
Retail and luxury stocks were also up, with the morning’s biggest gainers including Jimmy Choo, 5.2 percent to 1.37 pounds, after the company reported a 6 percent uptick in 2015 revenue earlier this week.
Other stocks on the rise were French Connection Group, 4.6 percent to 0.43 pounds; Metro AG, 2.4 percent to 26.09 euros; Moncler, 2.2 percent to 13.47 euros, and Salvatore Ferragamo, 4.9 percent to 21.07 euros, after the company reported a 7.4 percent rise in revenues in fiscal 2015.
Among the few stocks that fell in midmorning were Safilo Group, 1.2 percent to 9.46 euros; Italia Independent Group, 1.4 percent to 20.40 euros, and Boohoo.com, 0.2 percent to 0.40 pounds.