LONDON – European stock markets were on the rise in midmorning trading on Tuesday.

The DAX in Frankfurt, the FTSE MIB in Milan, and the FTSE 100 in London all climbed 0.3 percent, to 10,692.12, to 17,167.32 and to 6,972.90 respectively. The CAC 40 in Paris advanced 0.2 percent to 4,518.98.

The euro traded at $1.10, while the pound fetched $1.22 and the Swiss franc equaled $1.01 at 11:40 a.m. CET.

Retail and luxury stocks were also on the upswing, with the morning’s biggest gainers including Superdry parent SuperGroup, 5.8 percent to 14.24 pounds; Jimmy Choo, 2.5 percent to 1.36 pounds; Koovs.com, 2.9 percent to 0.65 pounds; and Marks and Spencer, 1.4 percent to 3.45 pounds.

Among the few stocks to lose ground was Pandora, which reported a 40 percent rise in third-quarter profit on the back of an 18 percent uptick in revenue earlier in the day. Shares in the Danish jewelry firm were down 2 percent to 864 Danish kronor, or $127.

Other stocks to lose ground included Tod’s, 0.6 percent to 53 euros; Mulberry Group, 0.5 percent to 11.15 pounds, and Joules, 0.5 percent to 1.92 pounds.

load comments
blog comments powered by Disqus