LONDON – European stock markets were broadly flat in mid-morning trading on Thursday, with the exception of the FTSE MIB in Milan, which climbed 0.4 percent to 21,642.81.
The FTSE 100 in London stood at 7,384.62, while the CAC 40 in Paris was 5,401.75, and the DAX in Frankfurt was 12,762.49.
The euro traded at $1.09, while the pound fetched $1.29 and the Swiss franc equaled $0.99 at 11:35 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Kering, up 1.2 percent to 2.94 pounds; Burberry, 1.6 percent to 16.51 pounds; Geox, 10.9 percent to 2.83 euros; and Aeffe, 1 percent to 1.45 euros.
Among the stocks that lost the most ground were Joules, down 1.1 percent to 2.77 pounds; Zalando, 1.9 percent to 39.22 pounds; Yoox Net-a-porter Group, 1.4 percent to 25.33 euros; Next, 1.3 percent to 43.44 pounds and Brunello Cucinelli, 1.9 percent to 23.32 euros.