LONDON — Most of Europe’s indices were on the upswing Friday morning.
The DAX in Frankfurt led the way, rising 0.6 percent to 9,140.25, while the FTSE 100 in London rose 0.5 percent to 6,531.18 and the CAC 40 in Paris gained 0.4 percent to 4,116.60. Only the FTSE MIB in Milan lost ground, falling 0.8 percent to 17,853.43.
Investors were upbeat after the European Central Bank kept interest rates at 0.25 percent following its meeting Thursday, and the ECB’s president Mario Draghi pointed to a “gradual strengthening” of the region’s economic output and demand for its exports.
The picture was more mixed, however, for fashion, luxury and retail stocks. Safilo Group lost 1.4 percent to 17.19 euros; Burberry dropped 1.4 percent to 14.80 pounds, and Marks & Spencer Plc was down 0.3 percent to 4.72 pounds.
Those that rose in the morning’s trading included L’Oréal, which climbed 3.2 percent to 126.30 euros, and Hugo Boss, which rose 0.6 percent to 97.39 euros.
The euro traded for $1.36 Friday, while the pound exchanged hands for $1.64 and the Hong Kong dollar for $0.13.