LONDON — Europe’s major markets were in decline in mid-morning trading on Wednesday, with the exception of the DAX in Frankfurt, which was up 0.1 percent to 12,921.41.

The FTSE MIB in Milan led the retreat, falling 1.3 percent to 22,484.95, followed by the CAC 40 in Paris, down 0.3 percent to 5,349.56, and the FTSE 100 in London, 0.1 percent to 7,459.59.

The euro traded at $1.17, while the pound fetched $1.32 and the Swiss franc equaled $1.03 at 11:40 a.m. CET.

Retail and luxury stocks were also in decline, with the morning’s biggest fallers including J. Sainsbury, down 1.5 percent to 2.44 pounds;, 1.2 percent to 2.09 pounds; Aeffe, 2.8 percent to 1.93 euros; Carrefour, 1.3 percent to 17.23 euros; Moncler, 3.4 percent to 23.22 euros; and Geox, 1.0 percent to 3.56 euros.

Among the few stocks that gained ground were SuperDry parent SuperGroup, up 1.1 percent to 17.38 pounds; Yoox Net-a-porter Group, 2.3 percent to 34.22 euros; and Hugo Boss, 2 percent to 76.16 euros.

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