LONDON – Most of Europe’s indices were up in trading Monday morning.
The FTSE MIB in Milan gained 0.6 percent to 22,462.39, followed by the FTSE 100 in London and the CAC 40 in Paris, which both rose 0.3 percent to 6,970.16 and 11,433.02, respectively. The CAC 40 in Paris fell 0.2 percent to 4,942.50.
Fashion, luxury and retail stocks had a mostly positive morning, too.
Risers included The Mysale Group, up 3.1 percent to 0.52 pounds; Brunello Cucinelli, 2.5 percent to 19.04 euros; Boohoo.com, 1.9 percent to 0.23 pounds, and Salvatore Ferragamo, 2.5 percent to 27.81 euros.
Marks & Spencer gained 0.9 percent to 5.09 pounds, after the retailer said Monday it is closing five Shanghai stores and modernizing its flagship in the city, along with noting plans to enter Chinese cities including Beijing and Guangzhou in 2015 or 2016.
Fallers numbered Koovs, down 3.7 percent to 1.30 pounds; Asos, 1 percent to 32.03 pounds, and the Swatch Group, 1.4 percent to 82.80 Swiss francs.
At 11:10 a.m. CET, the pound traded for $1.54, while the euro went for $1.12 and the Swiss franc for $1.05.