LONDON — European stock markets were on the rise in late morning trading on Friday.
The DAX in Frankfurt advanced 1.9 percent to 10,691.47, followed by the CAC 40 in Paris, 1.8 percent to 4,889.56. The FTSE 100 in London was up 1 percent to 6,442.97, while the FTSE MIB in Milan rose 0.8 percent to 22,785.98.
The euro traded at $1.12, while the pound fetched $1.54, and the Swiss franc equaled $1.03. The Danish kronor was $0.15.
Retail and luxury stocks were also on the upswing. The morning’s biggest risers were Debenhams plc, which was up 3.7 percent to 0.87 pounds. The British retailer on Thursday reported a rise in profits, as it announced chief executive Michael Sharp was stepping down. Boohoo.com was up 3.9 percent to 0.37 pounds and MySale Group plc was up 3.4 percent to 0.54 pounds.
Among the stocks that lost ground were Mulberry Group, down 2.8 percent to 8.63 pounds, followed by Gemfields, 1.9 percent to 0.50 pounds. Ted Baker fell 1 percent to 29.58 pounds.
