LONDON – European stock markets were in retreat in mid-morning trading on Monday, with the CAC 40 in Paris and the DAX in Frankfurt losing the most ground.
The French and German markets were both down 0.5 percent to 4,972.13 and to 11,973.11, respectively, while the FTSE 100 in London fell 0.4 percent to 7,348.76 and the FTSE MIB in Milan dropped 0.3 percent to 19,601.49.
The euro traded at $1.06, the pound fetched $1.23 and the Swiss franc equaled $0.99 at 11:35 a.m. CET.
Retail and luxury stocks were uneven, with the morning’s biggest gainers including Koovs.com, 3.1 percent to 0.48 pounds; Mulberry Group, 1.4 percent to 11.04 pounds, and Marks and Spencer Group, 1.2 percent to 3.35 pounds.
Among the stocks that lost the most ground were Britain’s Bonmarché Holdings, 5.4 percent to 0.74 pounds; Safilo Group, 0.8 percent to 6.51 euros; Ted Baker, 1 percent to 28.12 pounds, and Luxottica Group, 0.4 percent to 49.33 euros.