LONDON — European stock markets were on the uptick Thursday morning, ahead of an announcement of further details regarding the European Central Bank’s planned fiscal stimulus measures in the region.
The CAC 40 in Paris led the way, climbing 0.4 percent to 4,937.75, followed by the DAX in Frankfurt, 0.3 percent to 11,424.97, and the FTSE 100 in London, 0.2 percent to 6,930.35. The FTSE MIB in Milan was broadly flat at 22,138.57.
The euro traded at $1.11, while the pound fetched $1.53 and the Swiss franc, $1.04 at 10:55 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest risers including Moncler, 8.1 percent to 14.48 euros after the company saw its 2014 earnings rocket 71 percent; MySale Group, 4.9 percent to 0.53 pounds; Boohoo.com, 2.1 percent to 0.25 pounds, and Tod’s SpA, 3.7 percent to 94.60 euros.
Among the few stocks that lost ground were Jimmy Choo, 0.9 percent to 1.73 pounds; Asos.com, 1.3 percent to 31.11 pounds, and French Connection Group, 1 percent to 0.61 pounds.
On Thursday, the ECB plans to provide details of its quantitative easing program, which was announced in January, and provide a series of positive economic forecasts for the region.