LONDON — Europe’s markets all fell in trading Monday morning.
The FTSE MIB in Milan was down 1.1 percent to 23,240.44, while the CAC 40 in Paris lost 1 percent to 5,007.95. The DAX in Frankfurt declined 0.9 percent to 11,245.74, and the FTSE 100 in London edged down 0.1 percent to 6,576.29.
The European markets’ falls came as China’s Shanghai Stock Exchange Composite Index closed down 8.5 percent on Monday to 3,725.56, on the back of a weak survey of factory performance released Friday, and fears over U.S. demand for China’s exports.
Fashion, luxury and retail stocks were largely down in the morning’s trading, too.
Those that fell the most included Italia Independent, 2.9 percent to 32.00 euros; Geox, 2.5 percent to 3.57 euros; Salvatore Ferragamo, 2.9 percent to 27.43 euros, and Safilo Group, 1.9 percent to 11.40 euros.
The few risers numbered Mulberry, 1 percent to 9.09 pounds; Aeffe, 0.3 percent to 2.09 euros, and Gemfields, 0.2 percent to 0.65 pounds.
Online retailer MySale Group surged 11.3 percent to 0.45 pounds, following a trading update on Monday. The Australia-based, London-listed firm said that in the year to June 30 its revenues rose 5 percent to 235 million Australian dollars, or $197.4 million, and that it had acted to increase its gross profit margin during the second half of the year.
MySale Group expects to report its full results for the year to June 30 on Sept. 29.
At 11:15 a.m. CET, the pound traded for $1.55, while the euro changed hands for $1.10.