PARIS — European stock markets eased in mid-morning trade today amid concern that a second European bailout package for Greece might not be able to stave off a debt default further down the line.
France’s CAC 40 index was down 0.5 percent at 3,453.29 points, while Frankfurt’s DAX slipped 0.5 percent to 6,910.27. The FTSE 100 in London fell 0.4 percent to 5,920.68, while the FTSE MIB in Milan sank 0.7 percent to 16,599.32.
The euro traded at $1.31, while the pound traded at $1.57 at 11:18 a.m. CET.
Retail and luxury stocks posted a mixed performance, with the morning’s biggest losers including Marcolin, which fell 1.5 percent to 3.84 euros; Hermès International, which lost 1 percent to 280.35 euros, and Swatch Group, which fell 1.3 percent to 71.55 Swiss francs.