LONDON — European stock markets were on the rise in midmorning trading on Tuesday, with the FTSE MIB in Milan leading the way.

The Italian market advanced 1.4 percent to 17,563.83, followed by the CAC 40 in Paris, 1.1 percent to 4,372.21, and the DAX in Frankfurt, 0.6 percent to 9,904.69. The FTSE 100 in London was up 0.5 percent to 6,167.77.

The euro traded at $1.12, while the pound fetched $1.45 and the Swiss franc equaled $1.01 at 11:30 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest fallers including Zalando, 1.7 percent to 27.00 euros; Compagnie Financière Richemont, 1 percent to 56.35 Swiss francs; Aeffe, 2 percent to 1.09 euros, and Italia Independent Group, 1.4 percent to 18.20 euros.

Among the biggest risers were, 6.5 percent to 0.29 pounds; Tesco, 2.8 percent to 1.65 pounds; Inditex, 1.4 percent to 29.08 euros, and Yoox Net-a-porter Group, 1.5 percent to 24.47 euros.

Click Here for the WWD Global Stock Tracker >>

load comments
blog comments powered by Disqus