LONDON – European stock markets were in retreat in midday trading on Friday, with the CAC 40 in Paris and DAX in Frankfurt leading the way.
The French and German markets were both down 0.2 percent, to 4,532.83 and to 10,672.77 respectively, while the FTSE 100 in London and the FTSE MIB in Milan were broadly flat at 6,828.69 and at 16,498.55 respectively.
The euro traded at $1.06, while the pound fetched $1.24, and the Swiss franc equaled $0.98 at 12:30 p.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest fallers including French Connection, 4.9 percent to 0.35 pounds; Safilo Group, 1.4 percent to 7.62 euros; Hugo Boss, 2.2 percent to 54.25 euros; and Luxottica Group, 1.4 percent to 47.84 euros.
Among the few stocks that gained ground were Yoox Net-a-porter Group, 1.8 percent to 25.34 euros; Italia Independent, 4.5 percent to 3.25 euros; Metro AG, 1.1 percent to 27.91 euros; and Bonmarche Holdings, 2.6 percent to 0.98 pounds.