LONDON — European stock markets put on a mixed show during morning trading on Tuesday.
The FTSE 100 in London and the DAX in Frankfurt were each up 0.1 percent, to 7,272.87 and 12,466.68, respectively. The FTSE MIB in Milan declined 0.3 percent to 20,619.98. And France’s CAC 40 dipped 0.1 percent to 5,266.44 after a large gain on Monday, following the results of the first round of the country’s presidential election the prior day.
The euro traded at $1.09, while the pound fetched $1.28 at 10:00 a.m. CET.
Retail and luxury stocks were mostly up. The biggest gainers included MySale Group, which advanced 3.5 percent to 1.09 pounds, and LVMH Moët Hennessy Louis Vuitton, up 3 percent to 221.1 euros. The French luxury group earlier in the morning announced that it had made an offer to buy Dior Couture for 6.5 billion euros.
Among the luxury stocks on the decline were Hermès International, down 5.8 percent to 435.2 euros, in the wake of the LVMH-Dior news. Aeffe, meanwhile, retreated 0.8 percent to 1.40 euros, and Jimmy Choo fell 0.8 percent to 1.85 pounds, following the news on Monday that it is undergoing a strategic review and seeking offers from potential buyers, as company owner JAB is looking to exit luxury and focus on consumer goods.