LONDON — European stock markets made modest gains in midmorning trading on Friday, with the exception of the DAX in Frankfurt, which was flat at 9463.26.
The FTSE 100 in London was up 0.2 percent to 5,982.60, while the CAC 40 in Paris climbed 0.1 percent to 4,244.42. The FTSE MIB in Milan also rose 0.1 percent to 17,131.72.
The euro traded at $1.11, the pound fetched $1.43 and the Swiss franc equaled $1.01 at 11:30 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest risers including Mulberry Group, 3.3 percent to 9.80 pounds; French Connection Group, 2.4 percent to 0.43 pounds, and Italia Independent Group, 2.2 percent to 22.16 euros.
Among the stocks that lost the most ground were Jimmy Choo, 2.9 percent to 1.20 pounds, and supermarket stocks J. Sainsbury and Tesco, each of which were down 1.2 percent to 2.60 pounds and to 1.85 pounds, respectively.