LONDON — Europe’s major markets were in retreat in morning trading on Monday, with the exception of the FTSE MIB in Milan, which was flat at 21,210.74.
The FTSE 100 in London led the slide, falling 0.9 percent to 7,386.44; followed by the DAX in Frankfurt, 0.6 percent to 12,161.83, and the CAC 40 in Paris, 0.3 percent to 5,104.14.
The euro traded at $1.17, while the pound fetched $1.30 at 12:15 p.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest risers including Geox, 2.2 percent to 3.20 euros; Safilo Group, 2.6 percent to 6.64 euros, and Koovs.com, 3.6 percent to 0.40 pounds.
Among the biggest fallers were Zalando, 2 percent to 36.87 euros; Associated British Foods, 1.4 percent to 29.03 pounds; Italia Independent Group, 2.3 percent to 4.77 euros; Mulberry Group, 3.7 percent to 10.21 pounds, and British high street retailer Next, 2.9 percent to 37.18 pounds.