LONDON — European stock markets were down in midmorning trading on Friday.
The FTSE MIB in Milan declined 0.8 percent to 19,288.45, followed by the CAC 40 in Paris, which fell 0.5 percent to 4,842.62. The DAX in Frankfurt fell 0.3 percent to 11814.93, while the FTSE 100 in London retreated 0.1 percent to 7,154.65.
The euro traded at $1.07, while the pound fetched $1.26 at 10:30 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest fallers including Bonmarché Holdings and Hugo Boss, each down 1 percent to 0.80 pounds and to 60.70 euros, respectively. Boohoo.com fell 0.6 percent to 1.42 pounds.
Among the morning’s biggest risers was Tesco, up 9.1 percent to 2.06 pounds, after the company announced plans to purchase wholesaler Booker Group which owns Budgens and Londis.
Meanwhile, Koovs advanced 1.8 percent to 0.49 pounds, and Salvatore Ferragamo , 1.6 percent to 25.08 euros.