LONDON — European stock markets were down in midmorning trading on Monday, with the CAC 40 in Paris leading the way.
The French market fell 2.1 percent to 4110.87, followed by the DAX in Frankfurt, 2 percent to 9,101.71, the FTSE MIB in Milan, 1.7 percent to 16,966.03, and the FTSE 100 in London, 1.5 percent to 5,761.49.
The euro traded at $1.12, while the pound fetched $1.45, and the Swiss franc equaled $1.01 at 11:40 a.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Zalando, 5 percent to 26.82 euros; Boohoo.com, 4 percent to 0.42 pounds; Hugo Boss, 2.1 percent to 68.81 euros; Geox, 5.8 percent to 2.99 euros; Safilo Group, 3.5 percent to 7.64 euros; and Adidas, 3 percent to 87.48 euros.
Among the very few stocks that gained ground in mid-morning was French Connection Group at 2.2 percent to 0.47 pounds.