LONDON — Europe’s stock markets all gained ground Wednesday morning.
The CAC 40 in Paris rose 1.2 percent to 5,035.15, while the FTSE MIB in Milan increased 1.1 percent to 23,351.31. The DAX in Frankfurt rose 0.7 percent to 11,555.07 and the FTSE 100 in London was up 0.6 percent to 6,976.31.
The gains came as Eurostat, the European statistics agency, released positive GDP figures for the region. In its flash estimate for the first quarter of 2015, Eurostat said that GDP was up 0.4 percent in both the euro area and the European Union, compared with the previous quarter. Compared to the same quarter last year, GDP rose 1 percent in the euro area and 1.4 percent in European Union countries.
Eurostat pointed out that the quarter-on-quarter growth bettered the U.S.’s figures, with U.S. GDP rising 0.1 percent in Q1.
Fashion, luxury and retail stocks had a more uneven start.
Risers numbered Ted Baker, 3.8 percent to 28.31 pounds; Esprit Holdings, 3.1 percent to 7.08 Hong Kong dollars; and Salvatore Ferragamo, 2.9 percent to 29.44 euros. Moncler climbed 10.3 percent to 17.88 euros after the firm reported a 69 percent surge in its Q1 net income Tuesday, to 39.6 million euros, or $43.15 million.
Fallers included Hugo Boss, 2.6 percent to 104.43 euros; Sainsbury’s, 1.2 percent to 2.75 pounds; and Yoox Group, 0.6 percent to 29.03 euros.
At 11:20 a.m. CET, the euro traded for $1.12, while the pound changed hands for $1.56 and the Hong Kong dollar went for $0.13.