LONDON — After starting off the week in positive territory, Europe’s markets were mixed in trading Wednesday morning.
The FTSE MIB in Milan fell 1.3 percent to 23,260.38, followed by the DAX in Frankfurt, 0.2 percent to 11,515.48. The CAC 40 in Paris was flat at 5,055.89, while the FTSE 100 in London gained 0.5 percent to 6,867.10.
The markets stumbled as Greece’s Prime Minister Alexis Tsipras went into another day of talks with the country’s creditors to secure a deal over the country’s debt before Greece defaults on a 1.6 billion euro, or $1.8 billion at current exchange, loan to the International Monetary Fund at the end of June.
Fashion, luxury and retail stocks got off to an uneven start, too.
Risers included Sainsbury’s, 3.1 percent to 2.77 pounds; Safilo Group, 1.9 percent to 13.68 euros; Swatch Group, 1.3 percent to 74.30 Swiss francs, and Next, 1.7 percent to 76 pounds.
Among the fallers were MySale Group, 1.5 percent to 0.51 pounds; Aeffe, 1.1 percent to 1.93 euros; Yoox Group, 1.6 percent to 31.97 euros, and Koovs, 4 percent to 0.72 pounds.
At 11:55 a.m. CET, the pound traded for $1.59, while the euro went for $1.14 and the Swiss franc changed hands for $1.09.