LONDON — European stock markets were down in mid-morning trading on Monday, with the FTSE MIB in Milan leading the way.

The Italian market fell 1.1 percent to 16,082.34, followed by the DAX in Frankfurt, 0.5 percent to 10,613.51, and the CAC 40 in Paris, 0.4 percent to 4,486.22. The FTSE 100 in London dipped 0.2 percent to 6,760.38.

The euro traded at $1.06, while the pound fetched $1.23, and the Swiss franc equaled $0.99 at 10:40 a.m. CET.

Retail and luxury stocks were also down, with the morning’s biggest fallers including Superdry parent SuperGroup, 1.5 percent to 15.42 pounds; Yoox Net-a-porter Group, 2 percent to 24.61 euros; Next, 2.6 percent to 49.56 pounds; Aeffe, 1.8 percent to 0.97 euros; Safilo Group, 2.2 percent to 7.75 euros; and Salvatore Ferragamo, 1.9 percent to 19.85 euros.

Among the few stocks that gained ground were Italia Independent Group, 2.1 percent to 3.23 euros; and Gemfields, 1.2 percent to 0.49 pounds.

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