LONDON — Europe’s markets were on the rise in mid-morning trading on Friday, with the DAX in Frankfurt leading the way.
The German market was up 0.4 percent to 12,218.41, followed by the FTSE 100 in London, 0.3 percent to 7,038.96. The CAC 40 in Paris and the FTSE MIB in Milan both advanced 0.2 percent to 5,217.49 and to 23,860.68, respectively.
The euro traded at $1.07, while the pound fetched $1.48 and the Swiss franc equaled $1.03 at 10:10 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Carrefour SA, 2.2 percent to 32.86 euros; Safilo Group, 2.1 percent to 14.90 euros; Mulberry Group, 3.4 percent to 8.99 pounds, and Ted Baker, 2.8 percent to 27.86 pounds.
Among the few stocks that lost ground was Britain’s mass market Bonmarché chain, down 5.3 percent to 2.62 pounds after the company said that like-for-like sales declined 3.3 percent in the fourth quarter, due to tough comparisons with the previous year and stock clearing following the warm autumn weather.
Boohoo.com fell 1.9 percent to 0.28 pounds, while Gemfields dipped 1.4 percent to 0.53 pounds.