LONDON — Europe’s markets were all in positive territory Friday morning.
The CAC 40 in Paris and the FTSE MIB in Milan each gained 0.6 percent to 5,114.97 and 23,761.92, respectively. The FTSE 100 in London rose 0.4 percent to 6,679.80 and the DAX in Frankfurt was up 0.2 percent to 11,532.56.
Pearson was one of the highest risers in London, advancing 2.5 percent to 12.66 pounds, after the education and publishing group said Thursday it had sold the Financial Times to Japan’s Nikkei Inc. for $1.3 billion. Pearson also reported its first-half results Friday, posting a 4 percent fall in adjusted operating profit to 72 million pounds, or $110 million, and a 1 percent rise in sales to 2.2 billion pounds, or $3.4 billion.
The markets also rose as Markit released its flash euro zone purchasing managers’ index for July on Friday, which stood at 53.7 in July. The index was down slightly from 54.2 in June, but still represented what Markit called “one of the strongest” rates of expansion over the past four years.
Fashion, luxury and retail stocks were largely positive. Risers included Gemfields, 3.8 percent to 0.65 pounds; Bonmarché Holdings, 3.8 percent to 2.99 pounds; Jimmy Choo, 1.2 percent to 1.70 pounds, and LVMH Moët Hennessy Louis Vuitton, 1.4 percent to 169.55 euros.
The few fallers numbered Safilo Group, 2.5 percent to 11.80 euros; Koovs, 2 percent to 0.72 pounds, and Italia Independent, 1.5 percent to 32 euros.
At 11:22 a.m. CET, the pound traded for $1.56, while the euro went for $1.10.