LONDON — European stock markets were down in midmorning trading on Monday, with the FTSE 100 in London the only indice to gain modest ground.
The British market was up 0.2 percent to 6,364.28, while the CAC 40 in Paris was down 0.5 percent to 4,961.40, and the FTSE MIB in Milan declined 0.4 percent to 22,435.30. The DAX in Frankfurt retreated 0.2 percent to 10,967.43.
The euro traded at $1.07, while the pound fetched $1.50, and the Swiss franc equaled $0.99 at 11:35 a.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Koovs.com, 5.4 percent to 0.35 pounds; Unilever, 1.6 percent to 40.63 euros; Compagnie Financière Richemont, 1.7 percent to 80.30 Swiss francs, and Beiersdorf, 1.2 percent to 86.73 euros.
Among the few stocks that gained ground were French Connection Group, 1.8 percent to 0.35 pounds, and Italia Independent Group, 1.2 percent to 25.40 euros.