LONDON — European markets were on the rise in midmorning trading on Tuesday, with the FTSE MIB in Milan leading the way.
The Italian market gained 1.3 percent to 17,960.85, while the FTSE 100 in London and the CAC 40 in Paris were both up 0.9 percent to 6,205.89 and to 4,349.88, respectively. The DAX in Frankfurt advanced 0.8 percent to 10,037.75.
The euro traded at $1.13, while the pound fetched $1.44 and the Swiss franc equaled $1.02 at 10:35 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Superdry’s parent SuperGroup, 2 percent to 13.90 pounds; and Hugo Boss, 2.1 percent to 56.95 euros after the company promoted Mark Langer, its chief financial officer, to the role of chief executive.
Marks and Spencer was up 2.1 percent to 4.34 pounds; Luxottica Group, 1.9 percent to 48.85 euros, and Geox, 1.7 percent to 2.82 euros.