LONDON European stock markets edged up in midmorning trading on Tuesday, with the FTSE MIB in Milan leading the way.

The Italian market was up 0.7 percent to 22,259.52, followed by the CAC 40, 0.4 percent to 4,930.27 and the DAX in Frankfurt, 0.3 percent to 10,847.63. The FTSE 100 in London was up 0.2 percent to 6,310.46.

The euro traded at $1.08 while the pound fetched $1.51 and the Swiss franc $1.00 at 10:00 a.m. CET.

Retail and luxury stocks also gained ground, with the morning’s biggest gainers including, 1.9 percent to 33 pounds; Moncler, 2.5 percent to 15.85 euros, and Yoox Net-a-porter Group, 1.6 percent to 31.40 euros.

Among the stocks that lost the most ground were Tesco, 2.2 percent to 1.75 pounds; Ted Baker, 1.9 percent to 32.67 pounds; Koovs, 1.4 percent to 0.36, and Swatch Group, 1.1 percent to 69.95 Swiss francs.

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