LONDON – European stock markets were uneven in late-morning trading on Tuesday.
The FTSE 100 in London was down 0.6 percent to 6,756.62, while the FTSE MIB in Milan was up 1 percent to 16,372.20.
The CAC 40 in Paris was also on the rise, climbing 0.6 percent to 4,535.41, while the DAX in Frankfurt advanced 0.1 percent to 10,587.39.
The euro traded at $1.06, while the pound fetched $1.25 and the Swiss franc equaled $0.99 at 1:00 p.m. CET.
Retail and luxury stocks were also uneven, with the morning’s biggest fallers including Italia Independent, 3.1 percent to 2.91 euros, following the arrest of Lapo Elkann, the company’s cofounder, in New York. Shares in the luxury eyewear maker had recovered from an 8.6 percent dive earlier in the day after news broke that Elkann had been arrested for allegedly faking his own kidnapping to cover up for a long partying session.
Other stocks to lose ground were Zalando, 1.7 percent to 35.10 euros; Koovs.com, 1.2 percent to 0.51 pounds, and Marks & Spencer Group, 1.1 percent to 3.26 pounds.
Among the stocks that gained ground were Adidas, 1.1 percent to 139.10 euros; Safilo Group, 3.5 percent to 7.71 euros; Mulberry Group, 4.9 percent to 11.69 pounds, and MySale Group, 5.4 percent to 0.99 pounds.