LONDON — Europe’s markets saw both rises and falls Thursday morning.
The FTSE MIB in Milan gained 0.5 percent to 23,332.81, while the CAC 40 in Paris and the DAX in Frankfurt both edged up 0.1 percent, to 4,964.87 and 11,360.07 respectively. Meanwhile, the FTSE 100 in London slipped 0.1 percent to 6,942.26.
Fashion, luxury and retail stocks also had an uneven start.
Among the risers were Italia Independent, 2.2 percent to 36.29 euros; Hennes & Mauritz, 1.7 percent to 338.30 Swedish kronor; Yoox Group, 1.3 percent to 28.90 euros and Tod’s, 0.7 percent to 84.20 euros.
The latter rose even as the Italian luxury firm reported a 17.3 percent drop in profitability for the Q1 period Wednesday, but signaled an improvement in sales over the last month.
Stocks that fell included Salvatore Ferragamo, down 3.8 percent to 28.25 euros, despite the firm on Wednesday having reported a 17 percent rise in its net profits in the three months ended March 31, to 32 million euros, or $36.1 million.
Also down were Moncler, 3.2 percent to 17.13 euros; French Connection, 1.3 percent to 0.43 pounds and MySale Group, 3.5 percent to 0.51 pounds.
At 11.47 CET, the pound traded for $1.57, while the euro went for $1.13 and the Swedish krona changed hands for $0.12.