LONDON — Europe’s markets all lost ground in trading Tuesday morning.
The FTSE MIB in Milan fell 1.1 percent to 22,087.06, followed by the DAX in Frankfurt, 0.9 percent to 10,881.17. The CAC 40 in Paris lost 0.6 percent to 4,786.07, while the FTSE 100 in London slipped 0.3 percent to 6,687.52.
Investors continued to have concerns over the fact that Greece and its creditors have not yet agreed a deal over the country’s debt situation. But on a more positive note for the British economy, the U.K.’s Office for National Statistics (ONS) said that its Consumer Prices Index rose 0.1 percent in the year to May, after falling 0.1 percent in the year to April. The ONS said that air fares, food and motor fuels had contributed to the rise in prices.
Fashion, luxury and retail stocks had a largely downbeat start, too.
Among the fallers were Kering, 1.8 percent to 155.15 euros; MySale Group, 3.3 percent to 0.52 pounds; Asos, 2.3 percent to 36.55 pounds, and Moncler, 1.9 percent to 16.26 euros.
The few risers included Mulberry, 1.1 percent to 9.14 pounds; Tod’s, 0.4 percent to 85.10 euros, and Bonmarché Holdings, 0.9 percent to 2.90 pounds.
At 11:35 a.m. CET, the pound traded for $1.55, while the euro went for $1.12.