LONDON — Europe’s major markets made gains in midmorning trading on Wednesday, with the FTSE MIB in Milan leading the way.
The Italian market climbed 1 percent to 16,718.99; followed by the FTSE 100 in London, 0.4 percent to 6,795.92, and the CAC 40 in Paris, 0.2 percent to 4,559.68. The DAX in Frankfurt was up 0.1 percent to 10,634.73.
The euro traded at $1.06, while the pound fetched $1.24 and the Swiss franc equaled $0.98 at 11:30 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Mulberry Group, 3.7 percent to 11.56 pounds; Unilever, 2.6 percent to 37.87 euros; MySale Group, 3.1 percent to 1.00 pound, and Compagnie Financière Richemont, 1.9 percent to 66.45 Swiss francs.
Fast-fashion retailer Boohoo.com was down 0.2 percent at 1.25 pounds after news emerged overnight that it’s eyeing the acquisition of Nasty Gal, which filed for Chapter 11 earlier this