LONDON – European stock markets made small gains in mid-morning trading on Wednesday, with the exception of the DAX in Frankfurt, which was down 0.2 percent to 12,252.65.
The FTSE MIB in Milan led the upswing, climbing 0.5 percent to 20,356.37, followed by the CAC 40 in Paris and the FTSE 100 in London, which were up 0.2 percent to 5,113.26 and 7,336.28, respectively.
The euro traded at $1.07, while the pound fetched $1.25 and the Swiss franc equaled $1.00 at 11:45 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Moncler, up 1.1 percent to 21.32 euros, and Britain’s Bonmarche Holdings, 1.9 percent to 0.76 pounds.
Among the stocks to lose the most ground were Jimmy Choo, down 1.8 percent to 1.60 pounds; Asos.com, 2.9 percent to 58.00 pounds; Geox, 2.3 percent to 2.30 euros; and Tod’s, 4 percent to 70.50 euros.