LONDON — European markets were on the rise in mid-morning trading on Friday, after Scotland voted in a referendum Thursday to remain in the U.K.
Milan’s FTSE MIB led the upswing, climbing 1 percent to 21,331.76, followed by the FTSE 100 in London and the DAX in Frankfurt, which both rose 0.8 percent to 6,869.79 and to 9,878.81, respectively. The CAC 40 in Paris was up 0.5 percent to 4487.29.
At 11:40 a.m. CET, the euro traded at $1.29, while the pound fetched $1.63 and the Swiss franc $1.07.
Earlier in the day, the pound hit a two-week high against the dollar following Scotland’s rejection of independence in a referendum. In Asian trading earlier this morning, it reached $1.65.
Retail and luxury stocks were mostly up, with a few exceptions including MySale Group, which fell 2.2 percent to 2.05 pounds; Italia Independent Group, 1.5 percent to 33.20 euros, and Geox, 1.4 percent to 2.75 euros.
Among the morning’s biggest risers were Boohoo.com, which advanced 2.5 percent to 0.53 pounds; Marks & Spencer Group, 1.5 percent to 4.32 pounds, and Tod’s, 1.1 percent to 86.05 euros.