LONDON – Europe’s major markets were on the upswing in early afternoon trading on Tuesday, with the exception of Milan’s FTSE MIB, which was down 0.2 percent to 22,763.87.

The DAX in Frankfurt led the advance, climbing 0.6 percent to 12,902.65, followed by the CAC 40 in Paris, 0.2 percent to 5,361.34 and the FTSE 100 in London, 0.1 percent to 7,446.27.

The euro traded at $1.18, while the pound fetched $1.33 and the Swiss franc equaled $1.03 at 1:20 p.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Adidas, 2.5 percent to 196.10 euros; Brunello Cucinelli, 1.4 percent to 27.56 euros; Kering, 1.6 percent to 343.35 euros; and J. Sainsbury, 1.9 percent to 2.44 pounds.

Among the stocks to lose the most ground were, 1.4 percent to 2.09 pounds; Aeffe, 1.3 percent to 1.96 euros; Inditex, 1.2 percent to 31.10 euros; Salvatore Ferragamo, 3 percent to 23.58 euros; and Tod’s, 3.2 percent to 56.70 euros.

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