LONDON – Europe’s major markets were on the upswing in late morning trading on Tuesday, with the FTSE MIB in Milan leading the way.
The Italian market rose 0.6 percent to 22,314.41, followed by the DAX in Frankfurt, 0.5 percent to 12,122.14, and the CAC 40 in Paris, 0.4 percent to 5,363.26. The FTSE 100 in London edged up 0.1 percent to 7,397.00.
The euro traded at $1.18, while the pound fetched $1.32 and the Swiss franc equaled $1.01 at 12:30 p.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Salvatore Ferragamo, up 1.9 percent to 21.84 euros; Geox, 6.6 percent to 2.86 euros; Brunello Cucinelli, 1.1 percent to 27.24 euros, and Gemfields, 2 percent to 0.32 pounds.
Among the stocks that lost the most ground were Boohoo.com, down 2.4 percent to 1.86 pounds; Italia Independent Group, 4 percent to 4.50 euros; French Connection Group, 5.9 percent to 0.40 pounds, and Mulberry Group, 6.1 percent to 9.75 pounds.