LONDON — European stock markets were uneven in mid-morning trading on Thursday, with the FTSE 100 in London the only one to gain marginal ground.
The London market climbed 0.2 percent to 6,760.36, while the DAX in Frankfurt and the FTSE MIB in Milan were both down 0.3 percent to 10,289.11 and to 16,812.64, respectively. The CAC 40 in Paris was flat at 4,446.11.
The euro traded at $1.10, while the pound fetched $1.31 and the Swiss franc equaled $1.01 at 9:30 a.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Koovs.com, 10.9 percent to 0.74 pounds. The fast-fashion online retailer is due to release its preliminary results for the year ended March 31 on Friday.
Other fallers included Tod’s, 1.9 percent to 51.50 pounds, and Moncler, 1.6 percent to 15.75 euros after the company reported a 17 percent rise in revenues and flat profits in the first half. Britain’s Bonmarché Holdings was down 3.9 percent to 1.12 pounds.
Among the few stocks that gained ground was Adidas, which was up 4.4 percent to 146.70 euros after the company raised its 2016 guidance once again following its report of a double-digit rise in second-quarter profits and sales.