LONDON — Europe’s major markets were uneven in mid-morning trading on Wednesday, with the CAC 40 in Paris and the DAX in Frankfurt both broadly flat at 4,973.57 and 11,992.01, respectively.

The FTSE MIB in Milan rose 0.5 percent to 19,638.42, followed by the FTSE 100 in London, 0.2 percent to 7,374.23.

The euro traded at $1.06, while the pound fetched $1.22 and the Swiss franc equaled $0.99. The Swedish krona equaled $0.11 at 11:27 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Jimmy Choo, 2.1 percent to 1.69 pounds; Mulberry Group, 2.3 percent to 11.05 pounds, and Adidas, 1 percent to 177.35 euros.

Last week, Adidas raised its revenue and profit targets: Until 2020, revenue is set to grow 10-12 percent while net income will rise 20-22 percent.

Among the stocks that lost the most ground were, 3.2 percent to 0.45 pounds, and Salvatore Ferragamo, 3.8 percent to 27.12 euros, after the brand reported a 17 percent rise in net profit for fiscal 2016.

In a report on Wednesday, Thomas Chauvet of Citi criticized Ferragamo management for not providing guidance for 2017, “a year of transition and management changes,” and added there was a “lack of clarity” from the company regarding the achievability of a projected 5 percent increase in EBITDA, or earnings before interest, taxes, depreciation and amortization.

SuperGroup fell 2.3 percent to 14.42 pounds, while Ted Baker was down 2.2 percent to 27.75 pounds. Hennes & Mauritz fell 4.9 percent to 234.40 Swedish kronor.

Hennes & Mauritz AB said sales including VAT rose 7 percent in the first quarter to 54.4 billion Swedish kronor, or $6.02 billion. In local currency, sales including VAT rose by 4 percent in the period.

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