LONDON — Europe’s stock markets were on the rise in midmorning trading on Friday, with the FTSE MIB in Milan leading the way.
The Italian market was up 2.8 percent to 17,281.60; followed by the DAX in Frankfurt, 0.8 percent to 9,608.34, and the CAC 40 in Paris, 0.7 percent to 4,276.88. The FTSE 100 in London also climbed 0.7 percent to 6,176.86.
The euro traded at $1.14, while the pound fetched $1.41 and the Swiss franc equaled $1.05 at 11:30 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest fallers including British mass-market retailer Bonmarche Holdings down 10.1 percent to 1.69 pounds. The company said in a trading statement that profit before tax for the 2016 fiscal year ended March 26 would be at the lower end of guidance, due to tough trading conditions and a downturn in consumer confidence.
Among the stocks that gained ground were Yoox Net-a-porter Group, 1.7 percent to 25.24 euros; Boohoo.com, 2.2 percent to 0.44 pounds; Geox, 3.7 percent to 2.72 euros, and Swatch Group, 1.3 percent to 63.15 Swiss francs.