LONDON — European stock markets widened their losses on Wednesday as commodity prices fell amid fears of too much supply and not enough demand.
The CAC 40 in Paris was down 0.6 percent to 4,652.48, followed by the DAX in Frankfurt, 0.5 percent to 10,617.07 and the FTSE MIB in Milan, 0.3 percent to 21,467.72. The FTSE 100 in London was down 0.2 percent to 6,125.22.
The euro traded at $1.09, while the pound fetched $1.50 and the Swiss franc equaled $1.00 at 11:50 a.m. CET.
Retail and luxury stocks were also down, with the morning’s biggest fallers including French Connection Group, 3.8 percent to 0.39 pounds; Swatch Group, 2 percent to 65.65 Swiss francs, and Yoox Net-a-porter Group, 1.6 percent to 34.04 euros.
Among the few stocks that gained ground were MySale Group, 1.6 percent to 0.48 pounds; Gemfields, 1.3 percent to 0.39 pounds, and Salvatore Ferragamo, 1.4 percent to 22.46 euros.
Mining and energy stocks have been falling steadily as demand from China wanes and its economy slows. Earlier this week De Beers parent, the mining giant Anglo-American, announced a re-organization of its business — including 85,000 job cuts — as the price of rough diamonds deteriorates and demand for other raw materials, such as copper and coal, wanes.