LONDON — European stock markets edged up in midmorning trading on Wednesday, with the CAC 40 in Paris and the DAX in Frankfurt leading the way.
The French and German markets each rose 0.7 percent, to 4,359.69 and to 10,047.86, respectively, followed by the FTSE 100 in London, 0.4 percent to 6,725.85. The FTSE MIB in Milan was up 0.3 percent to 16,725.38.
The euro traded at $1.10, while the pound fetched $1.32 and the Swiss franc equaled $1.02 at 11:00 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Jimmy Choo, 1.4 percent to 1.07 pounds; Gemfields, 4.6 percent to 0.34 pounds; Brunello Cucinelli, 1.3 percent to 16.78 euros, and Salvatore Ferragamo, 1 percent to 19 euros.
Shares in Unilever edged up 0.2 percent to 41.70 euros after the company announced early Wednesday that it plans to purchase the U.S. men’s grooming brand Dollar Shave Club, which had sales of $152 million last year.
Among the morning’s biggest fallers was Zalando, which dropped 3 percent to 31.85 euros. On Tuesday it had rocketed 20 percent following a spike in second-quarter sales and earnings and a positive profit warning.
Italia Independent Group was down 2.5 percent to 6.16 euros, while Tesco fell 1.3 percent to 1.62 pounds.