LONDON — Europe’s major markets made small gains in mid-morning trading on Friday, with the exception of the FTSE MIB in Milan, which dipped 0.2 percent to 21,394.84.

The FTSE 100 in London was up 0.2 percent to 7,501.77, followed by the CAC 40 in Paris and the DAX in Frankfurt, which both climbed 0.1 percent to 5,204.45 and 12,453.64, respectively.

The euro traded at $1.16, while the pound fetched $1.30 and the Swiss franc equaled $1.05 at 11:50 a.m. CET.

Retail and luxury stocks were mostly on the rise, with the morning’s biggest gainers including, up 1.5 percent to 58.13 pounds, and The Swatch Group, 1.8 percent to 72.55 Swiss francs, after the company saw first half net profit climb 7.6 percent.

Salvatore Ferragamo was up 1.6 percent to 24.98 euros;, 2.2 percent to 2.26 pounds; and Joules, 1.4 percent to 2.93 pounds.

Among the few stocks to lose ground were Mulberry Group, down 5 percent to 10.04 pounds; Zalando, 1.3 percent to 38.50 euros; Jimmy Choo, 1.2 percent to 1.94 pounds and MySale Group, 2.7 percent to 1.13 pounds.

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