LONDON – Europe’s major markets were in retreat on Monday morning.
The DAX in Frankfurt, the CAC 40 in Paris and the FTSE MIB in Milan were all down 0.3 percent to 12,054.24, 5,014.22 and 20,025.98, respectively, while the FTSE 100 in London dipped 0.1 percent to 7,414.72.
The euro traded at $1.07, while the pound fetched $1.24 and the Swiss franc equaled $1.00 at 12:20 p.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Hugo Boss, 4.6 percent to 65 euros; MySale Group, 1.8 percent to 1.03 pounds, and Debenhams, 1 percent to 0.54 pounds.
Among the few stocks that gained ground were SuperGroup, 4 percent to 15.37 pounds; Italia Independent Group, 3.5 percent to 4.47 euros, and Associated British Foods, 1.7 percent to 26.61 pounds.