LONDON — European stock markets made modest gains in midmorning trading on Friday, with the FTSE 100 in London and the FTSE MIB in Milan leading the way.
The British and Italian markets were both up 0.5 percent to 6,229.90 and to 18,698.00, respectively, while the CAC 40 in Paris and the DAX in Frankfurt both climbed 0.2 percent to 4,452.30 and to 9,910.14 respectively.
The euro traded at $1.13, while the pound fetched $1.43 and the Swiss franc equaled $1.03 at 11:50 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Jimmy Choo, 2.9 percent to 1.35 pounds; Brunello Cucinelli, 2.6 percent to 16.07 euros; Marks & Spencer Group, 1.7 percent to 4.18 pounds, and Geox, 2 percent to 2.93 euros.
Compagnie Financière Richemont SA, which on Friday morning said that its cochief executive officer Bernard Fornas was retiring, along with other changes to the board of directors, saw its stock edge up 0.6 percent to 64.30 Swiss francs.
Among the stocks to lose the most ground were Mulberry Group, 1.3 percent to 9.74 pounds; French Connection Group, 8.4 percent to 0.44 pounds; Ted Baker, 1.9 percent to 28.75 pounds, and Zalando, 1.8 percent to 26.80 euros.