LONDON — European stock markets were on the upswing on Tuesday, with the CAC 40 in Paris leading the way.
The French market was up 0.4 percent to 5,331.70, followed by the DAX in Frankfurt and FTSE 100 in London, both up 0.3 percent to 12,933.20 and 7,542.42 respectively. The FTSE MIB in Milan rose 0.2 percent to 21,064.47.
The euro traded at $1.11, while the pound fetched $1.27 at 11 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Debenhams, 2.2 percent to 0.46 pounds; Moncler, 2.1 percent to 21.68 euros; Hugo Boss, 1.9 percent to 68.14 euros, and Brunello Cucinelli, 1.8 percent to 23.18 euros.
Among the few stocks that lost the most ground were Koovs.com, 2.7 percent to 0.28 pounds; Mulberry Group, 1.3 percent to 10.95 pounds; Britain’s Bonmarché Holdings, 1.3 percent to 0.96 pounds and French Connection, 1.2 percent to 1.10 pounds.