LONDON — Europe’s major stock markets edged downward in mid-morning trading today, with Frankfurt’s DAX leading the way.
The German market fell 0.9 percent to 6,730.03, followed by the CAC 40 in Paris, which slipped 0.7 percent to 3,401. The FTSE 100 in London fell 0.5 percent to 5,864.08, while the FTSE MIB in Milan also sank 0.5 percent to 16,573.91.
The euro traded at $1.33, while the pound traded at $1.58 at 10:10 a.m. CET.
Retail and luxury stocks put on a mixed show, with the morning’s biggest gainers including Yoox, which rose 1.1 percent to 10.24 euros on the back of a double-digit rise in 2011 revenues reported earlier this week; Luxottica Group, which climbed 0.7 percent to 24.92 euros, and clothing manufacturer Aeffe, which rose 1.3 percent to 0.65 euros.
Among the stocks that fell were Safilo Group, which sank 1.5 percent to 5.85 euros; Mulberry Group, which declined 1.7 percent to 18.51 pounds, and French Connection, which tumbled 2.6 percent to 0.49 pounds.