LONDON — European stock markets were down in midmorning trading on Friday, with the FTSE MIB in Milan leading the way.

The Italian market fell 1 percent to 16,432.52; followed by the DAX in Frankfurt, 0.5 percent to 10,379.11, and the CAC 40 in Paris, 0.3 percent to 4,360.86. The FTSE 100 in London also dipped 0.3 percent to 6,712.25.

The euro traded at $1.12, while the pound fetched $1.32 and the Swiss franc equaled $1.03 at 9:55 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest risers including, 1.8 percent to 45.98 pounds; Geox, 1.2 percent to 2.23 euros, and Burberry Group, 1.6 percent to 12.81 pounds.

Among the stocks that fell the most were, 1.7 percent to 0.90 pounds; Tod’s SpA, 1.5 percent to 47.50 euros, and Hermès International, 0.9 percent to 351.80 euros.

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