LONDON — Europe’s major markets seesawed in midmorning trading on Tuesday, while retail and luxury stocks were mostly down.

The FTSE 100 in London fell 0.7 percent to 7,321.86, while the FTSE MIB in Milan and the DAX in Frankfurt climbed 0.2 percent to 21,242.26 and to 12,468.89, respectively. The CAC 40 in Paris was flat at 5,166.01.

The euro traded at $1.14, while the pound fetched $1.29 at 11:00 a.m. CET.

Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Asos.com, 1.8 percent to 57.32 pounds; Burberry Group, 1.2 percent to 16 pounds; Marks and Spencer Group, 3.6 percent to 3.27 pounds, and Unilever, 1.2 percent to 48.60 euros.

Among the few stocks to gain ground were Mulberry Group, 1.1 percent to 10.00 pounds; MySale Group, 2.2 percent to 1.17 pounds; Yoox Net-a-porter Group, 1.8 percent to 25.65 euros, and Salvatore Ferragamo, 1 percent to 23.22 euros.

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