LONDON — European stock markets perked up during midmorning trading on Tuesday.
The FTSE MIB in Milan rose 1.6 percent to 16,916.21, followed by CAC 40 in Paris, up 1.1 percent to 4,470.68. The DAX in Frankfurt climbed 1 percent to 10,652.39, while the FTSE 100 in London was up 0.08 percent to 6,843.92.
The euro traded at $1.11, while the pound fetched $1.31 and the Swiss franc equaled $1.02 at 10:45 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Koovs, up 7.3 percent to 0.59 pounds, and French Connection, rising 5.4 percent to 0.48 pounds. The owner of Maplin Electronics and Pizza Hut is reportedly eyeing a bid for the latter brand. Mulberry Group rose 2.4 percent to 11.25 pounds.
Among the stocks that lost the most ground were Debenhams, 3 percent to 0.60 pounds; SuperGroup, 2.4 percent to 15.10 pounds; and Compagnie Financière Richemont SA, 1.4 percent to 57.40 Swiss francs.