LONDON — Europe’s markets were all on the rise in trading Monday morning.
The DAX in Frankfurt climbed 1.4 percent to 9,326.88, followed by the CAC 40 in Paris, up 0.7 percent to 4,312.73. The FTSE 100 in London rose 0.5 percent to 6,561.63, while the FTSE MIB in Milan advanced 0.3 percent to 20,269.44.
Reuters noted that strong U.S. jobs figures released Friday continued to have a positive impact on investors, particularly as the DAX in Frankfurt was closed for a public holiday on Friday.
Risers in the fashion, luxury and retail sectors included Asos.com, up 5.5 percent to 20.29 pounds; Aeffe, 2.8 percent to 1.90 euros; Moncler, 2.2 percent to 11.33 euros, and Inditex, 2.1 percent to 21.85 euros.
U.K. supermarket chain Tesco advanced 1.7 percent to 1.75 pounds after the firm said Monday it had appointed two new non-executive directors in the wake of the retailer’s disclosure last month that it had overstated its expected first-half profits by 250 million pounds.
Tesco has appointed Richard Cousins, currently group chief executive officer of Compass Group Plc, and Mikael Ohlsson, formerly ceo and president of the Ikea Group. Both Cousins and Ohlsson will join the board Nov. 1. Tesco’s chairman Sir Richard Broadbent said that they had been “fully updated on and are wholly supportive of the steps being taken by the new management team to rebuild trust in Tesco and to focus all the resources of the business to deliver value to our customers.”
The few fallers numbered French Connection, down 1.5 percent to 0.51 pounds, and Koovs and The Mysale Group, each dipping 1 percent to 1.45 pounds and to 2.02 pounds, respectively.
At 11:10 a.m. CET, the pound traded for $1.60, while the euro changed hands for $1.25.