LONDON – European stock markets were uneven in midmorning trading on Tuesday, with the FTSE MIB in Milan the only one to gain ground.
The Italian market was up 0.2 percent to 17,034.64, while the CAC 40 in Paris was flat at 4,497.57. The DAX in Frankfurt fell 0.2 percent to 10,722.12, while the FTSE 100 in London dipped 0.1 percent to 6,934.60.
The euro traded at $1.12, while the pound fetched $1.29, and the Swiss franc equaled $1.03 at 12:00 p.m. CET.
Retail and luxury stocks seesawed, with the morning’s biggest gainers including Italia Independent Group, 4.4 percent to 6 euros; Hugo Boss, 1.7 percent to 57.68 euros; French Connection, 2.4 percent to 0.43 pounds, and Koovs.com, 3.2 percent to 0.65 pounds.
Among the stocks that lost the most ground were Mulberry Group, 4.6 percent to 10.52 pounds; Inditex, 1 percent to 31.63 euros; Zalando, 2.7 percent to 36.73 euros, and Adidas, 1 percent to 154.55 euros.