LONDON – European stock markets were in retreat during mid-morning trading on Friday, with the CAC 40 in Paris leading the way.
The French market was down 1.5 percent to 4,377.19, followed by the DAX in Frankfurt, 1.3 percent to 10,266.17, and the FTSE MIB in Milan, 1.1 percent to 16,158.92. The FTSE 100 in London dipped 1 percent to 6,849.64.
The euro traded at $1.12, while the pound fetched $1.30 and the Swiss franc equaled $1.03 at 11:15 a.m. CET.
Retail and luxury stocks were mostly down, with the exception of Zalando, which climbed 3.2 percent to 36.90 euros; Jimmy Choo, 1.2 percent to 1.37 pounds, and Britain’s Bonmarché Holdings, 2.9 percent to 0.94 pounds.
Among the stocks that fell the most were Gemfields, 2.8 percent to 0.52 pounds; Aeffe, 2.1 percent to 1 euro; French Connection Group, 3.6 percent to 0.34 pounds, and Mulberry Group, 4.2 percent to 10.49 pounds.