LONDON — Europe’s major markets were upbeat in mid-morning trading Thursday, after Federal Reserve chairman Ben S. Bernanke said the U.S. continues to need stimulus measures.
The DAX in Frankfurt leading the way, up 1.2 percent to 8,164.81 points, followed by the CAC 40 in Paris and Milan’s FTSE MIB, each ahead 1.1 percent to 3,882.29 and 15,842.34, respectively. London’s FTSE 100 increased 1 percent to 6,569.90.
The pound was trading at $1.51 against the dollar, the Swiss franc was worth $1.07 and the euro was valued at $1.31 at 11:05 a.m. CET.
Retail and luxury stocks were mostly on the up, with the morning’s strongest gainers including Gemfields, which rose 5.8 percent to 0.21 pounds. Burberry increased 1.5 percent to 15.31 pounds. Asos.com advanced 1.3 percent to 43.93 pounds, and Compagnie Financière Richemont gained 1.1 percent to 88.95 Swiss francs.
Meanwhile, Mulberry dropped 2.1 percent to 9.50 pounds.