LONDON — Europe’s stock markets were uneven in mid-morning trading on Thursday ahead of reports that the European Central Bank will announce a major, much-anticipated 1 trillion euro fiscal stimulus plan later in the day.

The DAX was down 0.3 percent to 10,266.47, while the CAC 40 in Paris fell 0.2 percent to 4,476.80. The FTSE MIB in Milan climbed 0.9 percent to 20,162.96, while the FTSE 100 in London was up 0.3 percent to 6,747.37.

The euro traded at $1.16, while the pound fetched $1.51 and the Swiss franc equaled $1.15 at 12:25 p.m. CET.

The ECB’s anticipated decision, to be announced later this afternoon, is meant to pump fresh cash into the sluggish economy via a massive bond-purchasing program, similar to the past strategy of the U.S. Federal Reserve.

Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Tod’s SpA and Mulberry Group, which were both down 2.3 percent to 80.35 euros and to 8.26 pounds, respectively.

Jimmy Choo fell 2.4 percent to 1.63 pounds, while Associated British Foods, parent of Primark, sank 2.9 percent to 29.10 pounds.
        
Among the stocks on the uptick were Tesco plc, ahead 1.8 percent to 2.33 pounds, and MySale Group, 6.7 percent to 0.67 pounds after announcing earlier Thursday that first-half revenues will be 8 percent up on the same period last year, due in part to an acceleration in holiday sales.

 

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