LONDON — European stock markets were on the upswing in midmorning trading on Monday, with the FTSE MIB in Milan leading the way.
The Italian market was up 2.5 percent to 21,016.12, followed by the CAC 40 in Paris and the DAX in Frankfurt, which were both up 2.1 percent, to 4,567.78 and to 10,347.95 respectively. The FTSE 100 in London rose 1.5 percent to 5,961.77.
The euro traded at $1.10, while the pound fetched $1.52 and the Swiss franc equaled $1.02 at 10:30 a.m. CET. The Swedish krona bought $0.12.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Salvatore Ferragamo, 3.2 percent to 22.02 euros; Swatch Group, 2.3 percent to 62.70 Swiss francs; French Connection Group, 4.8 percent to 0.39 pounds; Asos.com, 3.1 percent to 33.17 pounds, and J Sainsbury, 4.3 percent to 2.47 pounds.
Among the few stocks that lost the most ground were Koovs.com, 4.5 percent to 0.27 pounds; Debenhams, 0.8 percent to 0.74 pounds, and Jimmy Choo, 0.9 percent to 1.10 pounds.