LONDON – Europe’s stock markets were on the upswing in morning trading on Monday, with the FTSE MIB in Milan and the DAX in Frankfurt leading the way.

The Italian and German markets climbed 0.3 percent to 21,640.71 and to 12,801.95, respectively, followed by the FTSE 100 in London, 0.1 percent to 7,445.08. The CAC 40 in Paris was broadly flat at 5,406.42.

The euro traded at $1.09, while the pound fetched $1.29 at 10:15 a.m. CET.

Retail and luxury stocks were also on the upswing, with the morning’s biggest risers including Aeffe, 4 percent to 1.61 euros; Safilo Group, 1.6 percent to 6.95 euros; Hugo Boss, 1.6 percent to 70.50 euros, and J. Sainsbury, 1.1 percent to 2.68 pounds.

Among the stocks that lost the most ground were Next, 1.6 percent to 42.77 pounds, and MySale Group, 2.1 percent to 1.05 pounds.

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