LONDON — Europe’s major markets were on the upswing in midmorning trading on Tuesday, with the FTSE 100 in London leading the way.
The British market was up 0.8 percent to 7,432.92, followed by the FTSE MIB in Milan and the CAC 40 in Paris, both of which climbed 0.2 percent to 21,530.00 and 5,102.71, respectively. The DAX in Frankfurt also edged up 0.2 percent to 12,136.73.
The euro traded at $1.18, while the pound fetched $1.31 and the Swiss franc equaled $1.03 at 10:30 a.m. CET.
Retail and luxury stocks were on the rise, with the morning’s biggest gainers including Salvatore Ferragamo, up 1.1 percent to 24.78 euros after the company reported on Monday that net profit was down 15.4 percent in the first half to 76 million euros.
Geox climbed 0.8 percent to 3.38 euros; Hugo Boss was up 2 percent to 64.92 euros, and Gemfields rose 2 percent to 0.32 pounds.
Among the stocks that lost the most ground were Yoox Net-a-porter Group, down 1.5 percent to 27.53 euros; MySale Group, 1.4 percent to 1.03 pounds, and Mulberry Group, 3.9 percent to 10.23 pounds.