LONDON — European stock markets were on the rise in midmorning trading on Wednesday, with Milan’s FTSE MIB leading the way.

The Italian market was up 1.3 percent to 21,311.89; followed by the FTSE 100 in London, 1.2 percent to 6,004.01, and the DAX in Frankfurt and CAC 40 in Paris, which each climbed 0.8 percent to 9,646.51 and to 4,465.39, respectively.

The euro traded at $1.12, while the pound fetched $1.55 and the Swiss franc equaled $1.03 at 11:30 a.m. CET.

Retail and luxury stocks were mostly up, too, with the morning’s biggest risers including Geox, 3.8 percent to 3.68 euros; Moncler, 3.5 percent to 16.19 euros; Yoox Group, 1.9 percent to 27.63 euros, and Ted Baker, 1.2 percent to 30.31 pounds.

Among the stocks that lost ground were, 2.2 percent to 0.68 pounds, and Italia Independent, 1.6 percent to 30.50 euros.

Click Here for the WWD Global Stock Tracker >>

load comments
blog comments powered by Disqus