LONDON — European stock markets made small gains in midmorning trading on Friday, with the CAC 40 in Paris leading the way.
The French market advanced 0.2 percent to 4,386.18, followed by the FTSE 100 in London and the FTSE MIB in Milan, which each edged up 0.1 percent to 6,705.46 and to 16,817.94, respectively. The DAX in Frankfurt was broadly flat at 10,153.85.
The euro traded at $1.10, while the pound fetched $1.32 and the Swiss franc equaled $1.01 at 11:05 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including MySale Group, 3.9 percent to 0.76 pounds; Italia Independent Group, 6.2 percent to 7.25 euros; Koovs.com, 4 percent to 0.58 pounds, and Tod’s SpA, 1.6 percent to 48.25 euros.
On Thursday, Tod’s announced a 3.4 percent decline in sales in the first half of the year due to the same difficult trading conditions that many luxury goods brands are facing: a weakness in Greater China and changing tourist patterns due to the fear of more terrorist attacks in Europe.
Among the stocks that lost the most ground were SuperGroup, 1.9 percent to 15.32 pounds; Ted Baker, 1.3 percent to 22.65 pounds; Marks & Spencer Group, 2.3 percent to 3.21 pounds; Swatch Group, 2.1 percent to 50.10 Swiss francs, and LVMH Moët Hennessy Louis Vuitton, 1.1 percent to 141 euros.