LONDON — European markets, as well as retail and luxury stocks, were uneven in mid-morning trading on Wednesday.
The FTSE MIB in Milan was up 0.6 percent to 16,777.72, followed by the CAC 40 in Paris, which climbed 0.1 percent to 4,538.97. The DAX in Frankfurt, meanwhile, fell 0.1 percent to 10,723.36, while the FTSE 100 in London was down 0.1 percent to 6,790.08.
The euro traded at $1.08, while the pound fetched $1.25 and the Swiss franc equaled $1.00 at 10:00 a.m. CET.
Retail and luxury stocks were also uneven, with the morning’s biggest risers including Jimmy Choo, 3.2 percent to 1.30 pounds; Debenhams, 2 percent to 0.58 pounds, and Gemfields, 1.5 percent to 0.50 pounds.
Among the stocks that lost the most ground were Primark parent Associated British Foods, 1.2 percent to 25.14 pounds; Hugo Boss, 3.1 percent to 59 euros; Koovs.com, 4.8 percent to 0.60 pounds, and Salvatore Ferragamo, 2.3 percent to 19.94 euros after the new chief executive officer Eraldo Poletto laid out his strategy for the company.
Earlier this week, Ferragamo reported that in the nine months ended Sept. 30, net profit edged up 0.2 percent to 112.5 million euros, compared with 112.3 million euros in the same period last year.