LONDON European markets made modest gains in mid-morning trading today, with the exception of the FTSE MIB in Milan, which was down 0.6 percent to 13,516.36 points.
The DAX in Frankfurt gained the most ground, rising 0.3 percent to 6,706.46, while the CAC 40 in Paris was up 0.2 percent to 3,240.57. The FTSE 100 climbed 0.1 percent to 5,688.52.
The euro traded at $1.23, while the pound traded at $1.56 at 11:10 a.m. CET.

Retail and luxury stocks were on the upswing, with Hermès rising 2.4 percent to 235.45 euros after reporting a 21.9 percent spike in second-quarter sales.

Burberry Group climbed 2.6 percent to 12.64 pounds; Mulberry Group rose 1.8 percent to 13.44 pounds; PPR was up 1.6 percent to 111.95 euros, while Geox advanced 1.5 percent to 1.80 euros.

Among the few stocks that lost ground were Yoox, which was down 0.1 percent to 11.36 euros, and Safilo Group, which fell 0.3 percent to 4.83 euros.

In the U.K., retail sales rose 0.1 percent in June compared with the previous month, according to the Office of National Statistics.

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