LONDON — European stock markets were down in midmorning trading on Tuesday, with the FTSE MIB in Milan leading the way.
The Italian market dipped 0.2 percent to 16,606.83, followed by the DAX in Frankfurt, 0.1 percent to 10,608.89. The CAC 40 in Paris and the FTSE 100 in London were broadly flat at 4,500.02 and at 7,097.31, respectively.
The euro traded at $1.12, while the pound fetched $1.24 and the Swiss franc equaled $1.02 at 11:30 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Hugo Boss, 2 percent to 50.34 euros; Next, 3 percent to 46.69 pounds; SuperGroup, 2.1 percent to 15.10 pounds; Swatch Group, 3.3 percent to 56.95 Swiss francs, and Compagnie Financière Richemont, 3.1 percent to 63.05 Swiss francs.
Among the morning’s biggest fallers were Aeffe, 1.7 percent to 0.99 euros; Italia Independent Group, 4.6 percent to 3.20 euros; MySale Group, 6.3 percent to 0.83 pounds, and Boohoo.com, 3.9 percent to 1.04 pounds.