LONDON — European stock markets were down in midmorning trading on Friday, with the FTSE MIB in Milan leading the way.
The Italian market fell 1 percent to 17,258.71, followed by the DAX in Frankfurt, 0.9 percent to 10,619.53. The FTSE 100 in London was down 0.6 percent to 6,945.73, while the CAC 40 in Paris dipped 0.5 percent to 4,509.81.
The euro traded at $1.09, while the pound fetched $1.22 and the Swiss franc equaled $1.01 at 11:00 a.m. CET.
Retail and luxury stocks were also in retreat, with the morning’s biggest fallers including Zalando, 2.6 percent to 39.47 euros; Mulberry Group, 5.4 percent to 10.54 pounds, and Tod’s, 2.1 percent to 52.55 euros.
Among the few stocks to gain ground were Aeffe, 1 percent to 1.05 euros; and Marks & Spencer and J Sainsbury, both of which were up 1 percent to 3.44 pounds and 2.47 pounds, respectively.