LONDON — Europe’s markets were all on a downward trajectory Friday morning.
The DAX in Frankfurt fell 0.9 percent to 10,116.52, followed by the CAC 40 in Paris, which declined 0.7 percent to 4,565.25. The FTSE MIB in Milan lost 0.6 percent to 21,770.16 and the FTSE 100 in London dipped 0.3 percent to 6,136.06.
According to reports, investors are said to be looking ahead to next week’s U.S. Federal Reserve meeting on Sept. 16 and 17, when the central bank’s Federal Open Market Committee will decide whether or not to raise interest rates.
Fashion, luxury and retail stocks also saw gains and losses in the morning’s trading.
Among the risers were MySale Group, 1.1 percent to 0.55 pounds; Mulberry, 0.4 percent to 9.03 pounds; French Connection, 0.9 percent to 0.29 pounds, and Tod’s, 0.3 percent to 79.85 euros.
Those that fell included Unilever, 1.5 percent to 34.35 euros; Yoox Group, 1.4 percent to 27.78 euros; Carrefour, 2.6 percent to 26.95 euros, and Aeffe, 2.2 percent to 1.35 euros.
At 11:21 a.m. CET, the pound traded for $1.53, while the euro went for $1.12.
Meanwhile, Asia’s indices put on an uneven performance on Friday. The Shanghai Composite Index closed up 0.1 percent to 3,200.23, while Hong Kong’s Hang Seng Index lost 0.3 percent to 21,504.37. The Nikkei 225 in Toyko, meanwhile, closed down 0.2 percent to 18,264.22.