LONDON – Europe’s stock markets were down in early afternoon trading on Thursday, with the FTSE 100 in London the only one to gain ground.

The British market climbed 0.3 percent to 7,408.88, while the CAC 40 in Paris declined 0.6 percent to 5,222.16, followed by the FTSE MIB in Milan, 0.4 percent to 20,961.63, and the DAX in Frankfurt, 0.2 percent to 12,626.52.

The euro traded at $1.14, while the pound fetched $1.29 at 12:15 p.m. CET.

Retail and luxury stocks were mostly down, with the morning’s biggest fallers including Ted Baker, 2.2 percent to 23.52 pounds; Brunello Cucinelli, 2.8 percent to 23.18 euros; Burberry, 1.3 percent to 16.83 pounds; Tod’s, 3.5 percent to 57 euros, and, 9.6 percent to 0.36 pounds.

Among the few stocks to gain ground were, 1.2 percent to 2.37 pounds, and Metro, 1.5 percent to 30.10 euros.

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