LONDON— Europe’s stock markets lost ground in mid-morning trading, with the DAX in Frankfurt and the FTSE MIB leading the downturn.
The German and Italian markets each fell 0.5 percent, to 6,543.29 and to 14,421.02 respectively, while the CAC 40 in Paris was down 0.4 percent to 3,259.00. The FSTE 100 in London sank 0.3 percent to 5,672.56.
The euro traded at $1.26 while the pound traded at $1.57 at 11:30 am CET.
Retail and luxury stocks put on a mixed show, with the morning’s biggest gainers including Brunello Cucinelli, which advanced 1.4 percent to 11.37 euros; Marcolin, which was up 0.9 percent to 4.77 euros; and Unilever, which climbed 0.6 percent to 27.15 euros.
Among the stocks that lost the most ground were Safilo Group, which shed 1.6 percent to 4.56 euros; Metro, which sank 2 percent to 23.10 euros; and Carrefour, which was down 1.5 percent to 14.23 euros.