LONDON — European retail and luxury stocks were on the uptick in mid-morning trading on Monday, with the DAX in Frankfurt leading the way.
The German market was up 1.8 percent to 10,950.05, followed by the CAC 40 in Paris, 1.7 percent to 4,796.25, and the FTSE MIB in Milan, 0.7 percent to 22,177.84. The FTSE 100 in London advanced 0.5 percent to 6,271.99.
The euro traded at $1.09, while the pound fetched $1.51, and the Swiss franc equaled $1.00 at 11:45 a.m. CET.
Retail and luxury stocks were also on the rise with the morning’s biggest gainers including Yoox Net-a-porter Group, 2.8 percent to 36.60 euros; Primark parent Associated British Foods, 2.8 percent to 35.81 pounds; Unilever and Inditex, 2.5 percent, to 40.72 euros and to 34.10 euros respectively; and Adidas AG, 2.3 percent to 92.97 euros.
Among the few stocks that lost ground were Mulberry Group, 3.1 percent to 9.21 pounds; French Connection Group, 1.8 percent to 0.41 pounds; and MySale Group, 2.1 percent to 0.47 pounds.