LONDON — European stock markets were uneven in midmorning trading on Tuesday after four major oil-producing countries disappointed markets by vowing to set output at January levels, rather than reduce supply.
The CAC 40 in Paris was up 0.5 percent to 4,136.88, followed by the FTSE 100 in London, 0.4 percent to 5,846.31. The FTSE MIB in Milan was down 0.9 percent to 16,888.71 while the DAX in Frankfurt fell 0.1 percent to 9,199.69.
The euro traded at $1.12, while the pound fetched $1.45, and the Swiss franc equaled $1.02 at 10:50 a.m. CET.
Retail and luxury stocks were also choppy, with the morning’s biggest gainers including Italia Independent Group, 4.5 percent to 21.21 euros; Carrefour, 1.1 percent to 23.64 euros; and L’Oreal, 1.2 percent to 155.45 euros.
Among the stocks that lost the most ground were Jimmy Choo, 3.4 percent to 1.21 pounds; Aeffe, 2 percent to 1.16 pounds; Brunello Cucinelli, 1.6 percent to 14.27 euros, and Koovs.com, 2.7 percent to 0.16 pounds.