LONDON – Europe’s major markets were on the upswing in mid-morning trading on Wednesday, with the DAX in Frankfurt leading the way.
The German market was up 1.4 percent to 10,921.44, followed by the FTSE 100 in London, 1.3 percent to 6,868.76, and the FTSE MIB in Milan, 1.2 percent to 17,972.27. The CAC 40 in Paris rose 1.1 percent to 4,682.72.
The euro traded at $1.07, while the pound fetched $1.27, and the Swiss franc equaled $0.99 at 10:48 a.m. CET.
Retail and luxury stocks were also on the rise, with the morning’s biggest risers including Italia Independent Group, 4.3 percent to 3.12 euros; Hugo Boss, 2.6 percent to 55.42 euros; Geox, 2.1 percent to 1.92 euros; Koovs.com, 3.3 percent to 0.48 pounds; and Mulberry Group, 2.6 percent to 11.21 pounds.
Among the stocks that lost the most ground were Joules, 3.8 percent to 1.95 pounds; Jimmy Choo, 2.2 percent to 1.32 pounds; and Unilever, 1.5 percent to 37.27 euros.