LONDON — Europe’s markets got off to a largely flat start Monday morning.
The DAX in Frankfurt fell 0.2 percent to 10,940.93, and the FTSE 100 in London edged down 0.1 percent to 6,867.73. Meanwhile, the CAC 40 in Paris and the FTSE MIB in Milan both inched up 0.1 percent, to 4,761.21 and 21,214.28, respectively.
Reuters reported that investors were holding back ahead of a euro-zone finance ministers’ meeting in Brussels later on Monday, with the ongoing aim of agreeing a deal with Greece’s new government on the country’s debt.
Fashion, luxury and retail stocks had an uneven morning.
Risers included Aeffe, up 2.3 percent to 2.10 euros; Asos, 3.5 percent to 31.44 pounds, and Italia Independent, 2 percent to 32.98 euros. Jimmy Choo surged 6.5 percent to 1.75 pounds after a research note from HSBC saw analysts at the bank raise their rating on the stock from “neutral” to “overweight.”
Fallers in the morning’s trading numbered Debenhams, down 0.8 percent to 0.78 pounds; Prada, 1.3 percent to 42.55 Hong Kong dollars, and Mulberry, 1.7 percent to 8.56 pounds.
At 11:10 a.m. CET, the euro traded for $1.14, while the pound went for $1.54 and the Hong Kong dollar for $0.13.