LONDON — Europe’s stock markets were lackluster in midmorning trading, with the exception of the FTSE MIB in Milan, which advanced 0.3 percent to 16,359.27.
The FTSE 100 in London, which almost touched an all-time high Tuesday due to the shrinking pound, fell 0.3 percent to 7,053.89, while the DAX in Frankfurt dipped 0.8 percent to 10,537.91, and the CAC 40 in Paris, 0.7 percent to 4,471.62.
The euro traded at $1.12, while the pound fetched $1.28 and the Swiss franc equaled $1.02 at 10:30 am CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Tesco, which was up 8 percent to 2.04 pounds after the company reported a 1 percent uptick in first-half underlying sales.
The British supermarket chain, which has been grappling with historic accounting scandal and eroding sales and profit growth, is changing course under its chief executive officer Dave Lewis.
Other risers included Boohoo.com, 4.3 percent to 1.15 pounds; Koovs.com, 2.4 percent to 0.63 pounds, and Joules, 1.2 percent to 2.06 pounds.