LONDON — Europe’s markets saw gains and losses in trading on Tuesday morning.
The FTSE 100 in London headed up 0.2 percent to 7,077.50, but the CAC 40 in Paris fell 0.3 percent to 5,241.16 and the DAX in Frankfurt was down 0.4 percent to 12,291.55. The FTSE MIB in Milan lost 1 percent to 23,771.91.
The muted performance came as the U.K.’s Office for National Statistics (ONS) said earlier in the day that its consumer price index was unchanged in the year to March, meaning consumer price inflation was at 0.0 percent. The ONS said falls in both clothing and gas prices were the largest contributors to the flat inflation rate.
Fashion, luxury and retail stocks also had an uneven morning.
On the rise were Mulberry, up 4 percent to 9 pounds; Yoox Group, 1.5 percent to 29.30 euros; Gemfields, 1.9 percent to 0.60 pounds, and Richemont, 0.2 percent 84.10 Swiss francs.
Fallers included Asos, down 2.7 percent to 39.34 pounds; Geox, 1.6 percent to 3.54 euros, and Salvatore Ferragamo, 2.9 percent to 30.86 euros.
At 11:20 a.m. CET, the pound traded for $1.46, while the euro went for $1.06 and the Swiss franc for $1.02.