LONDON – Europe’s major markets made modest gains in mid-morning trading on Thursday, with the DAX in Frankfurt leading the way.
The German market was up 0.3 percent to 12,712.64, followed by the CAC 40 in Paris, 0.2 percent to 5,274.91. The FTSE MIB in Milan and the FSTE 100 in London both rose 0.1 percent, to 20,749.90 and to 7,482.64, respectively.
The euro traded at $1.13, while the pound fetched $1.29 at 11:00 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Boohoo.com, 9 percent to 2.40 pounds; MySale Group, 2.6 percent to 1.09 pounds, and Italia Independent Group, 2.2 percent to 4.51 euros.
Britons go to the polls Thursday in a snap general election that pits Conservative leader Theresa May against her Labour rival Jeremy Corbyn. May, who took office last summer, called the election in the hope of winning a large parliamentary majority, which she needs to strengthen her hand in Brexit negotiations.
Although polls are mixed, and often off the mark, it appears that Labour has gained substantial ground in London, with the rest of the country behind the Conservative party.