LONDON — Europe’s stock markets were on the rise in mid-morning trading on Tuesday, with the FTSE MIB in Milan leading the way.
The Italian market was up 1.1 percent to 20,177.28, followed by the CAC 40 in Paris, 0.3 percent to 5,028.36, and the DAX in Frankfurt, 0.1 percent to 12,059.68. The FTSE 100 in London was broadly flat at 7,432.00.
The euro traded at $1.08, while the pound fetched $1.24 and the Swiss franc equaled $1.00 at 10:00 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest risers including Hugo Boss, up 1.3 percent to 65.38 euros; French Connection Group, 1.7 percent to 0.38 pounds; Moncler, 1.4 percent to 20.19 euros; Safilo Group, 1.4 percent to 6.42 euros, and Koovs.com, 1.1 percent to 0.46 pounds.
Among the stocks that lost the most ground in mid-morning were Mulberry Group, down 1.2 percent to 10.93 pounds; MySale Group, 3.5 percent to 0.99 pounds; and Joules Group, 1 percent to 2.50 pounds.