LONDON — European stock markets made gains in midmorning trading on Wednesday.
The FTSE MIB in Milan climbed 1.5 percent to 18,212.03, followed by the CAC 40 in Paris, up 0.7 percent to 4,710.24. The DAX in Frankfurt advanced 0.6 percent to 9,752.44, and FSTE 100 in London gained 0.1 percent to 6,132.81.
The euro traded at $1.10, while the pound fetched $1.42 and the Swiss franc equaled $1.00 at 11:30 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Inditex, 2.5 percent to 30.50 euros. The owner of chains including Zara, Bershka, Pull & Bear and Massimo Dutti said sales rose 15.4 percent to 20.9 billion euros, or $23.2 billion, in the fiscal year ended Jan. 31. Metro was up 2.2 percent to 24.97 euros and Yoox Net-a-porter Group, 2.1 percent to 26.93 euros.
Among the stocks that lost the most ground were Burberry Group, 3.6 percent to 14.11 pounds. The company’s shares lost ground midmorning after climbing on Tuesday amid reports of a potential bid. Koovs was down 2.7 percent to 0.16 pounds and Gemfields, 0.9 percent to 0.43 pounds.