PARIS — European retail and luxury stocks were on the uptick in midmorning trading on Monday, with the DAX in Frankfurt leading the way.
The German market was up 1.6 percent to 10,776.79; followed by the FTSE 100 in London, 0.9 percent to 6,104.80, and the CAC 40 in Paris, 0.7 percent to 4,659.29. The FTSE MIB in Milan also advanced 0.7 percent to 21,390.25.
The euro traded at $1.09, while the pound fetched $1.5 and the Swiss franc equaled $1.00 at 11:00 a.m. CET.
Most retail and luxury stocks were on the rise with the morning’s biggest gainers including French Connection Group, 2.3 percent to 35.8 pounds; Safilo Group, 2.4 percent to 10.49 euros, and Italia Independent Group, 1.7 percent, to 26.65 euros.
Among the few stocks that lost ground were Bonmarche Holdings, 4.2 percent to 190.1 pounds, Jimmy Choo, 2.3 percent to 122.6 pounds, and Boohoo.com, 1.7 to 34.15 pounds.