LONDON — European stock markets were down in midmorning trading on Wednesday, hours after French police stormed a Parisian suburb, arresting five in connection with Friday’s terrorist attacks that killed 129 and left hundreds injured.
According to the BBC, more are suspected dead at the scene in the Parisian suburb of Saint-Denis as police hunt for the man who allegedly strategized the attacks on public sites across Paris.
The FTSE MIB in Milan lost the most ground, dipping 1 percent to 22,094.07, followed by the CAC 40 in Paris, 0.8 percent to 4,898.28. The FTSE 100 in London and the DAX in Paris were both down 0.5 percent, to 6,239.95 and to 10,921.84 respectively.
The euro traded at $1.07, while the pound fetched $1.52 and the Swiss franc $0.99 at 10:30 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Zalando, which climbed 1.2 percent to 32 euros; Metro AG, 1.8 percent to 29.41 euros, and French Connection Group, 1.1 percent to 0.35 pounds.
Among the stocks that lost the most ground were Unilever, 1.7 percent to 41.05 euros; Koovs.com, 2.8 percent to 0.35 pounds; Ted Baker, 1.5 percent to 34.05 pounds, and Yoox Net-a-porter Group, 1.5 percent to 30.24 euros.