LONDON — European stock markets gained modest ground in early trading on Wednesday, with the exception of the FTSE 100 in London, which was down 0.3 percent to 6,847.60.
The FTSE MIB in Milan was up 0.7 percent to 16,897.75 as the country reeled from news of a deadly earthquake in the center of the country that reportedly claimed 73 lives, according to news reports.
The CAC 40 in Paris advanced 0.4 percent to 4,438.71, while the DAX in Frankfurt gained 0.1 percent to 10,597.25.
The euro traded at $1.13, while the pound fetched $1.31 and the Swiss franc equaled $1.03 at 10:00 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Jimmy Choo, 4 percent to 1.15 pounds; French Connection Group, 1.2 percent to 0.46 pounds, and MySale Group, 1.2 percent to 0.90 pounds.
Among the stocks that lost the most ground were Koovs, 1.7 percent to 0.60 pounds; Tesco, 0.8 percent to 1.65 pounds, and Boohoo.com, 0.6 percent to 0.79 pounds.