LONDON — European stock markets were down in midmorning trading on Wednesday, with the CAC 40 in Paris leading the way.

The French market dipped 0.5 percent to 4,780.26, followed by the FTSE MIB in Milan, 0.3 percent to 18,768.25. The FTSE 100 in London and the DAX in Frankfurt were both down 0.2 percent to 6,951.85 and to 11,259.06, respectively.

The euro traded at $1.06, while the pound fetched $1.27 and and the Swiss franc equaled $0.99 at 11:30 a.m. CET.

Retail and luxury stocks were mostly up, with the morning’s biggest climbers including Hugo Boss, 1.1 percent to 57.25 euros; Metro AG, 4.4 percent to 31.52 euros; Tod’s, 2.3 percent to 59.35 euros, and Safilo Group, 1.8 percent to 8.42 euros.

Among the morning’s biggest fallers were Adidas, 1.7 percent to 143.35 euros; and Britain’s Bonmarché Holdings, 1.4 percent to 0.89 pounds.

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