LONDON — Europe’s major markets were down in midmorning trading on Friday, with the CAC 40 in Paris leading the way.
The French market fell 1.1 percent to 5,130.19; followed by the FTSE MIB in Milan, 0.7 percent to 21,484.22, and the DAX in Frankfurt, 0.5 percent to 12,144.58. The FTSE 100 in London was down 0.4 percent to 7,410.29.
The euro traded at $1.17, while the pound fetched $1.31 at 10:00 a.m. CET.
Retail and luxury stocks were mostly down, with the morning’s biggest fallers including L’Oréal, 2.8 percent after the beauty giant reported Thursday that its second-quarter sales gained 3.5 percent to 6.56 billon euros. Yoox Net-a-porter Group declined 1.5 percent to 27.06 euros, and Kering, 1.7 percent to 299.90 euros after the luxury giant said Thursday that net profit surged 77.6 percent to 825.8 million euros in the first half.
Next was down 2 percent to 38.47 pounds; French Connection, 2.9 percent to 0.42 pounds; Luxottica, 3.2 percent to 50.80 euros, and Essilor, 4.2 percent to 111.50 euros.
Among the few stocks to gain ground were Gemfields, 2 percent to 0.32 pounds; Aeffe, 1.3 percent to 1.81 euros; Mulberry, 3.8 percent to 10.70 pounds, and Adidas, 7.9 percent to 191.05 after the company said on Thursday that second-quarter sales rose 20 percent.