LONDON — European stock markets made modest gains in midmorning trading on Friday, but worries about a slowdown in the Chinese economy continue to weigh on investors’ minds.
The DAX in Frankfurt was up 0.7 percent to 10,053.64, followed by the FTSE 100 in London, 0.7 percent to 5996.21. The CAC 40 in Paris and the FTSE MIB in Milan each rose 0.3 percent to 4,418.23 and to 20,239.01, respectively.
The euro traded at $1.08, while the pound fetched $1.46 and the Swiss franc equaled $0.99 at 11:45 a.m. CET.
Retail and luxury stocks were up with the markets, with the morning’s biggest gainers including Burberry Group, 2.7 percent to 11.07 pounds; Asos.com, 2.9 percent to 31.06 euros; Zalando, 5.2 percent to 33.76 euros, and Tesco, 5.3 percent to 1.47 pounds.
Among the few stocks that lost ground were MySale Group, 5.1 percent to 0.42 pounds; Koovs.com, 2.1 percent to 0.23 pounds; Mulberry Group, 1.3 percent to 9.67 pounds, and Shopify, 2.5 percent to 0.25 pounds.
Trading on the Chinese stock exchange was halted twice this week after the major indices dropped 7 percent on two separate days following weak macroeconomic data and the weakening of the yen, which reached its lowest level in five years on Thursday.