LONDON – Europe’s major markets were in retreat in mid-morning trading on Wednesday, with the FTSE 100 in London leading the way.
The British market was down 0.4 percent to 7,397.99, followed by the CAC 40 in Paris, which lost 0.3 percent to 5,111.35.
The FTSE MIB in Milan and the DAX in Frankfurt both dipped 0.2 percent to 21,563.26 and 12,225.57, respectively.
Retail and luxury stocks were uneven, with the morning’s biggest risers including Aeffe, up 1.1 percent to 1.82 euros; Geox, 1.5 percent to 3.41 euros; and Hugo Boss, 6.7 percent to 69.36 euros after the company revealed strong second-quarter growth.
Currency-adjusted sales grew 3 percent, while net income more than quadrupled, due partly to a boost from income related to store closures and other realignment measures.
Shares in The Swatch Group climbed 1.8 percent to 75.85 Swiss francs, while Safilo was up 1 percent to 6.52 euros.
Among the morning’s biggest fallers were SuperGroup, down 1.2 percent to 15.02 pounds; Ted Baker, 1.1 percent to 25.27 pounds; French Connection, 1.8 percent to 0.41 pounds; and Salvatore Ferragamo, 1.3 percent to 23.69 euros.