LONDON — Europe’s major markets were on the uptick in early afternoon trading on Friday, with the DAX in Frankfurt leading the way.
The German market advanced 1.4 percent to 12,845.40, followed by the CAC 40 in Paris and the FTSE MIB in Milan, which were both up 0.9 percent, to 5,367.98 and to 21,116.28, respectively. The FTSE 100 in London rose 0.4 percent to 7,574.49.
The euro traded at $1.12, while the pound fetched $1.29 at 1:00 p.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Safilo Group, 2.1 percent to 6.74 euros; Koovs.com, 4.5 percent to 0.37 pounds; Geox, 1.8 percent to 2.80 euros; Kering, 2.2 percent to 303.35 euros, and Zalando, 1 percent to 43.53 euros.
Among the very few stocks to lose ground were Yoox Net-a-porter, 1 percent to 25.06 euros; Next, 1 percent to 43.56 pounds; Marks and Spencer, 1.4 percent to 3.70 pounds, and Mulberry Group, 1.1 percent to 10.78 pounds.