LONDON — European stock markets made small gains in midmorning trading on Wednesday, with the exception of the FTSE MIB in Milan, which was down 0.1 percent to 19,412.14.
The DAX in Frankfurt led the way, climbing 0.3 percent to 11,618.93, followed by the FTSE 100 in London and the CAC 40 in Paris, which were both up 0.2 percent to 7,289.65 and to 4,897.82, respectively.
The euro traded at $1.06, while the pound fetched $1.22 and the Swiss franc equaled $0.99 at 11:50 a.m. CET.
Retail and luxury stocks were also on the upswing, with Joules Group climbing 2.9 percent to 2.25 pounds; Zalando, 2.7 percent to 38.15 euros; Kering, 2.7 percent to 222.50 euros; Debenhams, 2.5 percent to 0.54 pounds, and Tod’s, 8.6 percent to 66 euros.
Among the very few stocks that lost ground were the Swatch Group, 1.2 percent to 64.10 Swiss francs; Yoox Net-a-porter Group, 1.4 percent to 27.13 euros; Tesco, 1.4 percent to 2.10 pounds, and Gemfields, 1.5 percent to 0.49 pounds.