LONDON — Europe’s major markets were uneven in morning trading on Wednesday, just hours before British Prime Minister Theresa May prepared to fire the starting gun on Brexit, delivering an official letter to European Council President Donald Tusk later on Monday.
The FTSE 100 in London and the FTSE MIB in Milan edged down 0.2 percent to 7,330.45 and to 20,281.13, respectively. The DAX in Frankfurt was up 0.4 percent to 12,192.35, while the CAC 40 in Paris advanced 0.1 percent to 5,051.48.
The euro traded at $1.09, while the Swiss franc equaled $1.01 and the pound fetched $1.25 at 1:15 p.m. CET. During the morning, the pound gained ground against the dollar: When markets opened, it was worth $1.24.
Retail and luxury stocks were uneven, with the morning’s biggest fallers including Geox, 2 percent to 2.42 euros; Moncler, 2.3 percent to 20.02 euros; Yoox Net-a-porter Group, 1.1 percent to 22.23 euros, and French Connection Group, 1.7 percent to 0.36 pounds.
Among the stocks that gained the most ground were online fashion retailer Boohoo.com, 3.9 percent to 1.68 pounds; Italia Independent Group, 1.2 percent to 4.40 euros, and Koovs.com, 2 percent to 0.50 pounds.