LONDON — European stock markets were on the upswing in early afternoon trading on Wednesday, with the CAC 40 in Paris leading the way.
The French market was up 0.7 percent to 5,198.76, followed by the FTSE MIB in Milan and the FTSE 100 in London, which climbed 0.4 percent to 21,541.46 and 7,466.09, respectively. The DAX in Frankfurt rose 0.3 percent to 12,304.37.
The euro traded at $1.17, while the pound fetched $1.30 and the Swiss franc equaled $1.05 at 1:10 p.m. CET.
Retail and luxury stocks were also on the rise, with the morning’s biggest gainers including Joules, up 2.6 percent to 3.02 pounds; French Connection, 7.9 percent to 0.41 pounds, and Tod’s, 1.2 percent to 57.65 euros.
Among the very few stocks to lose ground was Gemfields, down 2.8 percent to 0.31 pounds.