LONDON — European stock markets were down in midmorning trading on Friday, with the DAX in Frankfurt the only market to make a modest gain.

The German index was up 0.1 percent to 11,096.43, while the FTSE 100 in London was flat at 6330.26 and the FTSE MIB in Milan was down 1 percent to 21,976.99. The CAC 40 in Paris also fell 0.3 percent to 4,902.03.

The euro traded at $1.07, while the pound fetched $1.53 and the Swiss franc equaled $0.98 at 10:15 a.m. CET.

Retail and luxury stocks were mostly up, with the morning’s biggest risers including Italia Independent Group, 3.6 percent to 25.89 euros; Geox, 4.7 percent to 3.98 euros; Salvatore Ferragamo, 1.5 percent to 22.29 euros, and Ted Baker, 1.3 percent to 35.34 pounds.

Among the morning’s biggest fallers were Metro AG, 1.2 percent to 29.45 euros and Britain’s Bonmarche Holdings, 2.8 percent to 2.93 pounds.

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