LONDON — European stock markets were mostly down in midmorning trading on Wednesday, except for the FTSE MIB in Milan.

The FTSE 100 in London declined 0.7 percent to 6,971.2 while the DAX in Frankfurt slid 0.4 percent to 10,712.51. The CAC 40 in Paris retreated 0.3 percent to 4,525.16.

The Italian market gained 0.3 percent to 17,287.82.

The euro traded at $1.08, while the pound fetched $1.22 at 10:00 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Kering, up 7.3 percent to 202.25 euros. The company reported a 10 percent sales gain in its third quarter. Hugo Boss rose 1.6 percent to 54.73 euros while Burberry Group gained 1.4 percent to 14.80 pounds.

Among the stocks that lost the most ground were Yoox Net-a-porter Group, down 2 percent to 27.15 euros;  Zalando, 1.5 percent to 39.55 euros; and Joules, 1 percent to 1.94 pounds.

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