LONDON — European stock markets were down in midmorning trading on Monday with the exception of the FTSE 100 in London, which rose 0.6 percent to 6,045.87.
The DAX in Frankfurt was down 1.6 percent to 9,362.64, followed by the FTSE MIB in Milan, 1.5 percent to 17,227.04, and the CAC 40 in Paris, 1.1 percent to 4,267.40.
Investors had been waiting for a new plan from G-20 finance ministers, who met over the weekend in Shanghai, to spur economic growth worldwide beyond the usual fiscal stimulus measures. No coordinated plan was forthcoming.
The euro traded at $1.09, while the pound fetched $1.39 and the Swiss franc equaled $1.00 at 10:40 a.m. CET.
Retail and luxury stocks were down, with the morning’s biggest fallers including Mulberry Group, 4.7 percent to 9.48 pounds; Tesco, 3.2 percent to 1.78 pounds; French Connection Group, 2.3 percent to 0.43 pounds, and Unilever, 2 percent to 38.84 euros.
Among the few stocks that gained ground were Geox, 1.9 percent to 3.05 euros; Koovs.com, 1.3 percent to 0.16 pounds, and Yoox Net-a-porter, 1 percent to 26.04 euros.