LONDON – European stock markets made small gains in midmorning trading on Monday.
The DAX in Frankfurt and the CAC 40 in Paris were both up 0.3 percent to 10,741.38 and 4,511.64, respectively.
The FTSE 100 in London and the FTSE MIB in Milan were both up 0.2 percent, to 6928.09 and 16,997.83, respectively.
The euro traded at $1.12, while the pound fetched $1.29, and the Swiss franc equaled $1.03 at 11:20 a.m. Central European Time.
Retail and luxury stocks were uneven, with the morning’s biggest gainers being Zalando, 3.2 percent to 37.40 euros; Jimmy Choo, 2.2 percent to 1.08 pounds; Tod’s 2.6 percent to 54.30 euros, and Koovs.com, 2.5 percent to 0.70 pounds, among others.
Hennes & Mauritz climbed 2.1 percent to 277.40 Swedish kronor, or $32.76. Earlier on Monday, the company reported that July sales in local currencies grew 10 percent year-on-year, compared with 8 percent in June.
Among the stocks that lost the most ground were British high-street retailer Next, 1.5 percent to 54.15 pounds; French Connection, 1.8 percent to 0.41 pounds; and Mulberry Group, 4.6 percent to 10.52 pounds.