LONDON — Europe’s markets fell in mid-morning trading on Monday following the weekend’s terrorist attacks in central London and the eruption of a diplomatic battle in the Gulf region, focused on Qatar.
The FTSE MIB in Milan was down 1 percent to 20,729.18, followed by the CAC 40 in Paris, 0.5 percent to 5,315.33 and the FTSE 100 in London, 0.3 percent to 7,528.51.
The DAX in Frankfurt was the only market that gained ground, climbing 1.3 percent to 12,822.94.
The euro traded at $1.13, while the pound fetched $1.29, and the Swiss franc equaled $1.04 at 11:55 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Boohoo.com, 3.6 percent to 2.25 pounds; Ted Baker, 1.2 percent to 24.34 pounds; Koovs.com, 1.2 percent to 0.37 pounds; and Gemfields, 1.1 percent to 0.36 pounds.
Among the stocks that lost the most ground were Yoox Net-a-porter Group, 1.3 percent to 24.68 euros, and Aeffe, 2 percent to 1.79 euros.
Starting over the weekend, six Arab countries — Saudi Arabia, Egypt, Bahrain, United Arab Emirates, Yemen and Libya — cut diplomatic ties with Qatar. They accuse the nation of backing terrorist groups such as Islamic State and al-Qaeda, which Qatar has denied.
In England, police have made multiple arrests following the terrorist attacks on London Bridge and Borough Market on Saturday night, and now know the identity of the three assailants who were shot dead. Campaigning has resumed ahead of the national general election which is set to take place on June 8.
On Saturday night, three men armed with knives and driving a white van killed seven people in a busy tourist area of London. The attack, for which Islamic State has claimed responsibility, left 48 injured, 21 of whom are in critical condition.