LONDON — Europe’s markets were varied Thursday morning.
The FTSE 100 in London edged up 0.2 percent to 6,225.26 points, as the BBC noted that the index was recovering from heavy falls Wednesday, “the worst session in more than a year.” It saw the index shed 46 billion pounds as issues such as a decline in retail sales in the U.S. and fears over Greece’s economy and German economic growth affected investor sentiment.
The DAX in Frankfurt also rose 0.2 percent to 8,589.89. Meanwhile, the FTSE MIB in Milan fell 0.6 percent to 18,204.91, and the CAC 40 in Paris was down 0.2 percent to 3,933.76.
Plenty of fashion, luxury and retail stocks were down in the morning’s trading.
They included Esprit Holdings, which sank 3.5 percent to 9.98 Hong Kong dollars, and Koovs, which retreated 2.1 percent to 1.40 pounds. Safilo Group and Yoox Group each declined 2 percent, to 9.54 euros and 14.57 euros, respectively.
The few fashion stocks that rose included Ted Baker, up 1.4 percent to 18.59 pounds; Hennes & Mauritz, 1.1 percent to 275.40 Swedish kronor, and Next, 0.5 percent to 64.50 pounds.
At 11:00 a.m. CET, the euro traded for $1.27, the pound for $1.60, the Hong Kong dollar for $0.13 and the Swedish krona for $0.14.