LONDON — European stock markets made gains in midmorning trading on Monday.
The FTSE MIB in Milan and the DAX in Frankfurt climbed 1.2 percent, to 18828.18 and to 10072.47 respectively. The FSTE 100 in London advanced 0.3 percent to 6205.01 and the CAC 40 in Paris gained 0.2 percent to 6,132.81.
The euro traded at $1.12, while the pound fetched $1.44 and the Swiss franc equaled $1.03 at 11:20 a.m. CET.
Retail and luxury stocks were mixed, with the morning’s biggest gainers including J. Sainsbury, 2.5 percent to 2.80 pounds; Zalando, 1.7 percent to 27.84 euros, and Tesco, 2.1 percent to 2 pounds.
Among the stocks that lost the most ground were French Connection Group, which shed 4.4 percent to 43 euros. Last week, the company reported an underlying operating loss of 4.7 million pounds, or $6 million, due to the disappointing trading during the first half of the year. Kering and Gemfields were both down 0.9 percent, to 1.40 euros and to 0.38 pounds respectively.