LONDON — European stock markets were down in mid-morning trading on Thursday, with the exception of the FTSE MIB in Milan, which climbed 0.1 percent to 19248.42.

The DAX in Frankfurt was down 0.3 percent to 11438.39, followed by the CAC 40 in Paris, 0.3 percent to 4832.24. The FTSE 100 in London dipped 0.2 percent to 7091.27.

The euro traded at $1.04, while the pound fetched $1.23, and the Swiss franc equaled $0.97 at 9:47 a.m. CET.

Retail and luxury stocks put on an uneven show. Some of the biggest fallers included Gemfields, which fell 1.4 percent to 0.51 pounds, Mulberry Group which was down 1.2 percent to 10.82 pounds, and Britain’s Bonmarché Holdings, which declined 0.6 percent to 0.85 pounds.

Italia Independent Group was the morning’s biggest gainer, climbing 6.8 percent to 5.96 euros. It was followed by Moncler, which was up 1 percent to 16.53 euros, Safilo Group, which rose 0.5 percent to 7.93 euros, and Geox which was up 0.8 percent to 2.11 euros.

High-street e-tailer, which this week announced plans to put in a $20 million offer for Nasty Gal, also made a small gain, increasing 0.4 percent to 1.36 pounds.

Click Here for the WWD Global Stock Tracker >>