LONDON — European stock markets dipped in mid-morning trading on Friday, the last trading day of 2016, while retail and luxury stocks were uneven.
The biggest faller was the FTSE 100 in London, which dropped 0.3 percent to 7101.98, followed by the CAC 40 in Paris, and the FTSE MIB in Milan, which both fell 0.2 percent, to 4827.03 and to 19166.39 respectively. The DAX in Frankfurt dipped 0.1 percent to 11430.85.
The euro traded at $1.05, while the pound fetched $1.22, and the Swiss franc equaled $0.98.
Retail and luxury stocks put on an uneven show.
The morning’s biggest gainer was Geox, which was up 4.3 percent to 2.19 euros. Italia Independent Group continued to make gains, rising 1.9 percent to 6.35 euros. Brunello Cuccinelli was up 1.7 percent to 20.33 euros, Salvatore Ferragamo 1.6 percent to 22.62 euros, and Burberry which climbed 0.5 percent to 14.91 pounds.
Among the morning’s biggest fallers were Jimmy Choo, which was down 3.8 percent to 1.32 pounds, Mulberry, 1.3 percent to 10.46 pounds, and Aeffe 0.9 percent to 1.08 euros.