LONDON — European stock markets were on the upswing in mid-morning trading on Tuesday, with the FTSE MIB in Milan leading the way.
The Italian market advanced 1.2 percent to 19,560.88, followed by the DAX in Frankfurt, 0.3 percent to 11,581.93. The FTSE 100 in London and the CAC 40 in Paris were both up 0.2 percent to 7,164.21 and to 4,833.05, respectively.
The euro traded at $1.07, while the pound fetched $1.24 and the Swiss franc equaled $1 at 11:35 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest fallers including Associated British Foods, which dipped 1.8 percent to 24.78 pounds; Jimmy Choo, 5 percent to 1.46 pounds; Next, 1.7 percent to 38.29 pounds, and Koovs.com, 1.2 percent to 0.45 pounds.
Among the stocks that rose the most were Italian Independent Group, 2.2 percent to 5.68 euros, and Adidas, 1.1 percent to 154.15 euros.