LONDON — European stock markets were on the rise in morning trading on Thursday.

The FTSE MIB in Milan rose 0.8 percent to 22,785.98, followed by the DAX in Frankfurt,  1.2 percent to 10,053.61.

The CAC 40 in Paris advanced 1 percent to 4,380.09, while the FTSE 100 in London was up 0.7 percent to 6,715.75.

The euro traded at $1.10, while the pound fetched $1.32, and the Swiss franc equaled $1.01 at 9:30 a.m. CET.

Retail and luxury stocks were also on the upswing. The morning’s biggest risers were Debenhams plc, which was up 2 percent to 0.57 pounds. Koovs was up 1.9 percent to 0.55 pounds and MySale Group plc was up 1.5 percent to 0.60 pounds.

Among the stocks that lost ground were Ted Baker, down 0.9 percent to 22.50 pounds; followed by Asos, 0.7 percent to 44.70 pounds. Burberry fell 0.3 percent to 12.75 pounds.

Click Here for the WWD Global Stock Tracker >>