LONDON — European stock markets were down in morning trading on Wednesday, with the exception of the FTSE MIB in Milan, which advanced 0.2 percent to 18,001.87.

The FTSE 100 in London fell 1.2 percent to 6,110.02, followed by the DAX in Frankfurt and the CAC 40 in Paris, which were both down 0.7 percent to 4,341.21 and to 9854.45, respectively.

The euro traded at $1.15, while the pound fetched $1.46 and the Swiss franc equaled $1.05 at 12:05 p.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Mulberry Group, 2.4 percent to 10.13 pounds; Next, 4 percent to 51.79 pounds, and, 1.9 percent to 0.48 pounds.

Among the morning’s biggest fallers were British companies such as Tesco, 3.2 percent to 1.64 pounds; department store Debenhams, 3 percent to 0.76 pounds; Marks & Spencer Group, 2.1 percent to 4.11 pounds, and J. Sainsbury, 5.6 percent to 2.70 pounds.

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